South Africa's annual core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, picked up to 5.2% in February 2023, the highest since February 2017, from 4.9% in the prior month. source: Statistics South Africa

Core Inflation Rate in South Africa averaged 4.67 percent from 2009 until 2023, reaching an all time high of 8.40 percent in May of 2009 and a record low of 2.50 percent in February 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 March of 2023.

Core Inflation Rate in South Africa is expected to be 5.40 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 4.70 percent in 2024 and 4.50 percent in 2025, according to our econometric models.

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South Africa Core Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2023-02-15 08:00 AM Jan 4.9% 4.9% 4.9% 4.9%
2023-03-22 08:00 AM Feb 5.2% 4.9% 5% 5.1%
2023-04-19 08:00 AM Mar 4.7%

Related Last Previous Unit Reference
Inflation Rate 7.00 6.90 percent Feb 2023
Inflation Rate MoM 0.70 -0.10 percent Feb 2023
Consumer Price Index CPI 107.90 107.10 points Feb 2023
Core Consumer Prices 105.90 105.10 points Feb 2023
Core Inflation Rate 5.20 4.90 percent Feb 2023
Producer Prices 125.10 125.80 points Jan 2023
Producer Prices Change 12.70 13.50 percent Jan 2023
Food Inflation 13.60 13.40 percent Feb 2023
CPI Transportation 110.60 109.90 points Feb 2023
CPI Housing Utilities 104.10 104.10 points Feb 2023

South Africa Core Inflation Rate
In South Africa, core consumer prices measure a broad rise or fall in prices that consumers pay for a standard basket of goods, excluding volatile items such as food and non-alcoholic beverages, fuel and energy.
Actual Previous Highest Lowest Dates Unit Frequency
5.20 4.90 8.40 2.50 2009 - 2023 percent Monthly