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

The inflation rate in South Africa was recorded at 4.4 percent in January of 2015. 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
4.40 5.30 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 Friday, February 27, 2015.


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.

Year-on-year, transport cost fell 2.5 percent, following a 1.7 percent drop in the previous month, driven by a 17.6 percent decline in petrol prices. Cost of food and non-alcoholic beverages slowed to 6.5 percent from 7.2 percent in December. Meanwhile, upward pressures came from cost of miscellaneous goods and services (up 7.3 percent from 7.1 percent in December 2014) and housing and utilities (up 5.7 percent, the same rate as in the previous month).

On a monthly basis, consumer prices dropped 0.2 percent, following a similar fall in December. The transport index decreased by 3.0 percent, mainly due to a 127c/litre decrease in the price of petrol. 

The food and non-alcoholic beverages index increased by 0.9 percent. The following components in the food and non-alcoholic beverages index increased: other food (2.0 percent), cold beverages (1.7 percent), fish (1.5 percent), meat (1.4 percent), sugar, sweets and desserts (1.0 percent), oils and fats (0.7 percent), hot beverages (0.6 percent), bread and cereals (0.5 percent), milk, eggs and cheese (0.2 percent) and vegetables (0.1 percent). The following component decreased: fruit (-1.0 percent).

The miscellaneous goods and services index increased by 0.6 percent between December 2014 and January 2015. 

Northern Cape (4.3 percent), Gauteng (4.3 percent), KwaZulu-Natal (4.2 percent) and Limpopo (4.0 percent) showed inflation rates lower than the headline one. In contrast, Western Cape (4.9 percent), Eastern Cape (4.8 percent), Free State (4.6 percent), North West (4.5 percent) and Mpumalanga (4.5 percent) showed higher price increases. 


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
2/18/2015 10:14:09 AM


Recent Releases

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. Published on 2015-01-21

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
4.4% 5.3% 4.5% 4.39%
2015-03-18 08:00 AM
Inflation Rate YoY  Feb
4.4% 4.85%
2015-04-22 08:00 AM
Inflation Rate YoY  Mar
4.67%
2015-05-20 08:00 AM
Inflation Rate YoY  Apr
4.58%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 4.40 5.30 20.90 0.20 percent [+]
Inflation Rate Mom -0.18 -0.18 4.29 -0.74 percent [+]
Consumer Price Index CPI 110.80 111.00 111.20 1.50 Index Points [+]
Producer Prices 113.80 115.10 219.40 4.10 Index Points [+]
Producer Prices Change 3.50 5.79 8.80 3.50 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 6.50 7.20 15.75 0.73 percent [+]
Core Consumer Prices 111.70 111.30 111.70 78.50 Index Points [+]
Core Inflation Rate 5.78 5.70 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 7.14 Jan/15 6.41 6821.31 1.65 percent [+]
Canada 1.00 Jan/15 1.50 21.60 -17.80 percent [+]
China 0.80 Jan/15 1.50 28.40 -2.20 percent [+]
Euro Area -0.60 Jan/15 -0.20 5.00 -0.70 percent [+]
France -0.40 Jan/15 0.10 18.80 -0.70 percent [+]
Germany -0.40 Jan/15 0.20 11.54 -7.62 percent [+]
India 5.11 Jan/15 5.00 11.16 4.38 percent [+]
Indonesia 6.96 Jan/15 8.36 82.40 -1.17 percent [+]
Italy -0.60 Jan/15 0.00 25.64 -0.60 percent [+]
Japan 2.40 Jan/15 2.40 25.00 -2.52 percent [+]
Mexico 3.07 Jan/15 4.08 179.73 2.91 percent [+]
Netherlands 0.00 Jan/15 0.70 11.19 -1.30 percent [+]
Russia 15.00 Jan/15 11.40 2333.30 3.60 percent [+]
South Korea 0.80 Jan/15 0.80 32.50 0.20 percent [+]
Spain -1.30 Jan/15 -1.00 28.43 -1.37 percent [+]
Switzerland -0.50 Jan/15 -0.30 11.92 -1.37 percent [+]
Turkey 7.24 Jan/15 8.17 138.71 -4.01 percent [+]
United Kingdom 0.30 Jan/15 0.50 8.50 0.30 percent [+]
United States -0.10 Jan/15 0.80 23.70 -15.80 percent [+]