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

The inflation rate in South Africa was recorded at 5.30 percent in December of 2014. Inflation Rate in South Africa averaged 9.41 percent from 1968 until 2014, 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


Actual Previous Highest Lowest Dates Unit Frequency
5.30 5.80 20.90 0.20 1968 - 2014 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 Wednesday, January 28, 2015.


South Africa Inflation at 13-Month Low in December


South African annual inflation rate eased to 5.3 percent in December from 5.8 percent in the previous month, mainly due to lower cost of food and transport. The figure came below market expectations and was the lowest since November 2013.

On a monthly basis, consumer prices decreased 0.2 percent after remaining unchanged in November.

The food and non-alcoholic beverages index declined by  0.4 percent between November 2014 and December 2014. The annual rate increased to 7.2 percent in December from 7.6 percent in November. Prices of all food categories decreased except for meat. The biggest decline were recorded for  vegetables (-2.9 percent), followed by other food (-1.2 percent), fish (-0.9 percent); sugar, sweet and desserts (-0.6 percent); processed food (-0.5 percent); unprocessed food (-0.3 percent); bread and cereals (-0.4 percent); oils and fats (-0.3 percent) and milk, eggs and cheese (-0.2 percent). Meanwhile, prices of meat increased by 0.6 percent.

The housing and utilities index increased by 0.5 percent netween November 2014 and December 2014, mainly due to a 0.9 percent increase in actual rentals for housing and a 0.7 percent increase in owners' equivalent rent. The annual rate decreased by 5.7 percent in December 2014 from 5.8 percent in November 2014.

The transport index decreased by 1.6 percent between November and December, mainly due to a 69c/litre decrease in the price of petrol. The annual rate decreased to 1.7 percent in December 2014 from 4.2 percent in the previous month.

The miscellaneous goods and services index ncreased by 0.1 percent between November 2014 and December 2014. The annual rate increased to 7.1 percent in December 2014 drom 6.9 percent in the precrding month.
KwaZulu-Natal (5.3 percent), North West (5.3 percent), Northern Cape (5.2 percent), Gauteng (5.2 percent), Free State (5.1 percent) and Mpumalanga (5.1 percent) recorded lower than or equal to headline inflation. The provinces with an annual inflation rate higher than headline inflation were Western Cape (5.9 percent), Limpopo (5.9 percent) and Eastern Cape (5.4 percent).

Core inflation rate, which excludes food, non-alcoholic beverages, gasoline and electricity costs rose to 5.7 percent in December from 5.8 percent in the previous month.

For full year of 2014, average annual inflation was recorded at 6.1 percent, as compared to a 5.7 percent in the previous year.

Statictics South Africa l Rida Husna l rida@tradingeconomics.com
1/21/2015 9:20:44 AM


Recent Releases

South Africa Inflation Rate Slows to 5.8%
South African annual inflation rate eased to 5.8 percent in November of 2014 from 5.9 percent in the previous two months due to lower food and transport cost. Published on 2014-12-10

South Africa Inflation Steady at 5.9%
South African annual inflation rate was unchanged at 5.9 percent in October, staying in the central bank’s 3 percent to 6 percent target range for a second month as a slowdown in food prices was enough to offset higher transport cost. Published on 2014-11-19


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-19 08:00 AM
Inflation Rate YoY  Oct
5.9% 5.9% 5.7%
2014-12-10 08:00 AM
Inflation Rate YoY  Nov
5.8% 5.9% 5.8% 5.7%
2015-01-21 08:00 AM
Inflation Rate YoY  Dec
5.3% 5.8% 5.5% 5.53%
2015-02-18 08:00 AM
Inflation Rate YoY  Jan
5.3% 4.99%
2015-03-18 08:00 AM
Inflation Rate YoY  Feb
4.85%
2015-04-22 08:00 AM
Inflation Rate YoY  Mar
4.67%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 5.30 5.80 20.90 0.20 percent [+]
Inflation Rate Mom -0.18 0.00 4.29 -0.74 percent [+]
Consumer Price Index CPI 111.00 111.20 111.20 1.50 Index Points [+]
Producer Prices 115.30 115.30 219.40 4.10 Index Points [+]
Producer Prices Change 6.46 6.66 8.80 4.90 percent [+]
Export Prices 135.20 135.30 135.30 0.60 Index Points [+]
Import Prices 141.00 143.30 143.30 1.20 Index Points [+]
Food Inflation 7.20 7.60 15.75 0.73 percent [+]
Core Consumer Prices 111.30 111.10 111.30 78.50 Index Points [+]
Core Inflation Rate 5.70 5.80 8.34 2.90 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 6.41 Dec/14 6.56 6821.31 1.65 percent [+]
Canada 1.50 Dec/14 2.00 21.60 -17.80 percent [+]
China 1.50 Dec/14 1.40 28.40 -2.20 percent [+]
Euro Area -0.20 Dec/14 0.30 5.00 -0.70 percent [+]
France 0.10 Dec/14 0.30 18.80 -0.70 percent [+]
Germany 0.20 Dec/14 0.57 11.54 -7.62 percent [+]
India 5.00 Dec/14 4.38 11.16 4.38 percent [+]
Indonesia 8.36 Dec/14 6.23 82.40 -1.17 percent [+]
Italy 0.00 Dec/14 0.19 25.64 -2.44 percent [+]
Japan 2.40 Nov/14 2.90 25.00 -2.52 percent [+]
Mexico 4.08 Dec/14 4.17 179.73 2.91 percent [+]
Netherlands 0.70 Dec/14 1.00 11.19 -1.30 percent [+]
Russia 11.40 Dec/14 9.10 2333.30 3.60 percent [+]
South Korea 0.80 Dec/14 1.00 32.50 0.20 percent [+]
Spain -1.00 Dec/14 -0.40 28.43 -1.37 percent [+]
Switzerland -0.30 Dec/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.17 Dec/14 9.15 138.71 -4.01 percent [+]
United Kingdom 0.50 Dec/14 1.00 8.50 0.50 percent [+]
United States 0.80 Dec/14 1.30 23.70 -15.80 percent [+]