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.