South Africa Inflation Rate 1968-2015 | Data | Chart | Calendar

The inflation rate in South Africa was recorded at 4.60 percent in May of 2015. Inflation Rate in South Africa averaged 9.36 percent from 1968 until 2015, reaching an all time high of 20.90 percent in January of 1986 and a record low of 0.20 percent in January of 2004. Inflation Rate in South Africa is reported by the Statistics South Africa.

      Forecast
South Africa Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
4.60 4.50 20.90 0.20 1968 - 2015 percent Monthly
In South Africa, the most important categories in the consumer price index are Housing and Utilities (24.5 percent of total weight), Transport (16.4 percent) and Food and Non-Alcoholic Beverages (15.4 percent). Others include: Miscellaneous Goods and Services such as personal care, Insurance and Finance (14.7 percent); Alcoholic Beverages and Tobacco (5.4 percent); Household Contents, Equipment and Maintenance (4.8 percent); Recreation and Culture (4.1 percent); Clothing and Footwear (4.1 percent). Restaurants and Hotels, Education, Communication and Health account for the remaining 10 percent. The CPI basket was revised in January of 2013. This page provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - South Africa Inflation Rate - was last refreshed on Sunday, July 5, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-22 09:00 AM Mar 4.0% 3.9% 4.1% 3.7%
2015-05-20 09:00 AM Apr 4.5% 4.0% 4.6% 4.58%
2015-06-17 09:00 AM May 4.6% 4.5% 4.6% 4.6%
2015-07-22 08:00 AM Jun 4.6% 4.59%
2015-08-19 08:00 AM Jul 4.71%
2015-09-23 08:00 AM Aug 4.53%


South Africa Inflation Rate Edges Up in May


Consumer prices in South Africa went up 4.6 percent year-on-year in May, following a 4.5 percent increase in April, mainly driven by cost of housing and utilities.

Housing and utilities accounted the most for the rise in the CPI (up 5.6 percent). Prices of water and other services recorded the highest increase (up 8.5 percent), followed by electricity and other fuels (up 7 percent) and rents for housing (up 5.3 percent). Additional upward pressure came from prices of miscellaneous goods and services (up 7.4 percent), food and non-alcoholic beverages (up 4.7 percent), alcoholic beverages and tobacco (up 9.7 percent) and education (up 9.3 percent). In contrast, transport prices fell 0.7 percent.

Annual core inflation rate, which excludes prices of food, non-alcoholic beverages, petrol and energy edged up to 5.7 percent from 5.6 percent in April.

On a monthly basis, the inflation rate slowed to 0.3 percent in May from 0.9 percent in April. The food and non-alcoholic beverages index increased 0.6 percent, due to higher prices of fish (2.6 percent), bread and cereals (1.9 percent), other food (1.7 percent), sugar, sweets and desserts (1.3 percent), oils and fats (1.2 percent), cold beverages (0.9 percent), milk, eggs and cheese (0.7 percent) and hot beverages (0.1 percent) while cost of fruit (-4.6 percent) and vegetables (-1.4 percent) decreased. Meanwhile, the transport index increased 0.3 percent. 

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
6/17/2015 9:21:52 AM


Recent Releases

South Africa Inflation Rate at 4-Month High
Annual inflation rate in South Africa increased to 4.5 percent in April of 2015 from 4 percent in the previous month, boosted by prices of housing and utilities and miscellaneous goods and services while transport cost fell at a slower pace.
Published on 2015-05-20

South Africa Inflation Rate Quickens to 4%
Consumer prices in South Africa rose 4 percent year-on-year in March of 2015 from 3.9 percent in February, driven by higher cost of housing and utilities.
Published on 2015-04-22

South Africa Inflation Rate Slows Further
South African annual inflation rate eased to a fresh four-year low 3.9 percent in February of 2015, as transport prices fell further while food cost slowed. Yet, monthly inflation rose to a seven-month high.
Published on 2015-03-18

South Africa Inflation Rate Slows to Nearly 4-Year Low
South African annual inflation rate eased to 4.4 percent in January of 2015 from 5.3 percent in the previous month. It is the lowest figure since April of 2011 due to a fall in transport cost and lower food prices.
Published on 2015-02-18


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 4.60 4.50 20.90 0.20 percent [+]
Inflation Rate Mom 0.30 0.88 4.29 -0.74 percent [+]
Consumer Price Index CPI 114.40 114.10 114.40 1.50 Index Points [+]
Producer Prices 118.10 117.20 219.40 4.10 Index Points [+]
Producer Prices Change 3.60 2.99 8.80 2.61 percent [+]
Export Prices 127.00 132.40 135.40 0.60 Index Points [+]
Import Prices 133.40 136.40 143.30 1.20 Index Points [+]
Food Inflation 4.70 5.00 15.75 0.73 percent [+]
Core Consumer Prices 114.90 114.70 114.90 78.50 Index Points [+]
Core Inflation Rate 5.70 5.60 8.34 2.90 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Mar/15 1.70 23.90 -1.30 percent [+]
Brazil 8.47 May/15 8.17 6821.31 1.65 percent [+]
Canada 0.90 May/15 0.80 21.60 -17.80 percent [+]
China 1.20 May/15 1.50 28.40 -2.20 percent [+]
Euro Area 0.20 Jun/15 0.30 5.00 -0.70 percent [+]
France 0.30 May/15 0.10 18.80 -0.70 percent [+]
Germany 0.30 Jun/15 0.70 11.54 -7.62 percent [+]
India 5.01 May/15 4.87 11.16 4.38 percent [+]
Indonesia 7.26 Jun/15 7.15 82.40 -1.17 percent [+]
Italy 0.10 Jun/15 0.10 25.64 -0.60 percent [+]
Japan 0.50 May/15 0.60 25.00 -2.52 percent [+]
Mexico 2.88 May/15 3.06 179.73 2.88 percent [+]
Netherlands 1.10 May/15 0.60 11.19 -1.30 percent [+]
Russia 15.80 May/15 16.40 2333.30 3.60 percent [+]
South Korea 0.70 Jun/15 0.50 32.50 0.20 percent [+]
Spain 0.10 Jun/15 -0.20 28.43 -1.37 percent [+]
Switzerland -1.20 May/15 -1.10 11.92 -1.37 percent [+]
Turkey 7.20 Jun/15 8.09 138.71 -4.01 percent [+]
United Kingdom 0.10 May/15 -0.10 8.50 -0.10 percent [+]
United States 0.00 May/15 -0.20 23.70 -15.80 percent [+]