South Africa's core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, stood at 3.2% year-on-year in October of 2021, unchanged from September. On a monthly basis, core inflation was at 0.2%, from 0.3% previously. source: Statistics South Africa
Core Inflation Rate in South Africa averaged 4.71 percent from 2009 until 2021, reaching an all time high of 8.30 percent in May of 2009 and a record low of 2.50 percent in March of 2021. This page provides the latest reported value for - South Africa Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Core Inflation Rate in South Africa is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Core Inflation Rate is projected to trend around 3.70 percent in 2022 and 4.40 percent in 2023, according to our econometric models.