South Africa Inflation Rate 1968-2014 | Data | Chart | Calendar

The inflation rate in South Africa was recorded at 6.40 percent in August of 2014. Inflation Rate in South Africa averaged 9.43 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.

   
 
 

South Africa Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
6.40 6.30 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 of total weight) and Food and Non-Alcoholic Beverages (15.4 percent of total weight). 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). The smallest components are Restaurants and Hotels at 3.5 percent; Education at 3 percent; Communication at 2.6 percent; and Health at 1.5 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 Saturday, September 20, 2014.


South Africa Inflation Rate Edges Up to 6.4%


South African annual inflation rate accelerated slightly to 6.4 percent in August from 6.3 percent in the previous month, driven by higher food prices.

On a monthly basis, consumer prices increased 0.4 percent in August, following a 0.8 percent rise in July.

The food and non-alcoholic beverages index increased by 0.8 percent between July and August 2014. The annual rate increased to 9.4 percent in August 2014 from 8.8 percent in July 2014. The following components in the food and non-alcoholic beverages index increased: hot beverages (2.1 percent), other food (1.7 percent), milk, eggs and cheese (1.5 percent), sugar, sweets and desserts (1.1 percent), meat (1.0 percent), vegetables (0.7 percent), cold beverages (0.5 percent), bread and cereals (0.2 percent) and fruit (0.2 percent). The following component decreased: fish (-0.4 percent). 

The transport index increased by 0.4 percent between July 2014 and August 2014. The annual rate decreased to 6.1 percent in August 2014 from 6.9 percentin July 2014. 

The provinces with an annual inflation rate lower than or equal to headline inflation were Western Cape (6.4 percent), Gauteng (6.4 percent), Northern Cape (6.3 percent) and Free State (6.3 percent). The provinces with an annual inflation rate higher than headline inflation were North West (6.9 percent), Limpopo (6.9 percent), Eastern Cape (6.7 percent), KwaZulu-Natal (6.7 percent) and Mpumalanga (6.5 percent).

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
9/17/2014 9:14:31 AM


Recent Releases

South Africa Inflation Rate at 3-Month Low
South African annual inflation rate slowed for the first time in eight months to 6.3 percent in July of 2014 from 6.6 percent in the previous two months, due to lower transport and food cost. Published on 2014-08-20

South Africa Inflation Rate Stable at 6.6%
South African annual inflation was steady at 6.6 percent in June, after quickening to a 5-year high in May. Lower transport prices were enough to offset a rise in cost of housing and utilities. Published on 2014-07-23


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-06-18 09:00 AM South Africa
Inflation Rate YoY
May 2014 6.6% 6.1% 6.2%
2014-07-23 09:00 AM South Africa
Inflation Rate YoY
Jun 2014 6.6% 6.6% 6.59%
2014-08-20 09:00 AM South Africa
Inflation Rate YoY
Jul 2014 6.3% 6.6% 6.4% 6.08%
2014-09-17 09:00 AM South Africa
Inflation Rate YoY
Aug 2014 6.4% 6.3% 6.2% 6.37%
2014-10-22 09:00 AM South Africa
Inflation Rate YoY
Sep 2014 6.4% 6.5%


Prices Last Previous Highest Lowest Unit
Inflation Rate 6.40 6.30 20.90 0.20 Percent [+]
Inflation Rate Mom 0.40 0.80 4.29 -0.74 Percent [+]
Consumer Price Index CPI 111.00 110.60 111.00 1.50 Index Points [+]
Producer Prices 114.90 114.30 219.40 4.10 Index Points [+]
Producer Prices Change 8.00 8.14 8.80 4.90 Percent [+]
Export Prices 223.90 226.60 226.60 1.50 Index Points [+]
Import Prices 192.20 194.00 194.00 1.70 Index Points [+]
Food Inflation 9.39 8.83 15.75 0.73 Percent [+]
Core Consumer Prices 109.90 109.30 109.90 78.50 Index Points [+]
Core Inflation Rate 5.76 5.67 8.34 2.90 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.51 Aug/14 6.50 6821.31 1.65 Percent [+]
Canada 2.10 Aug/14 2.10 21.60 -17.80 Percent [+]
China 2.00 Aug/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.40 Aug/14 0.40 5.00 -0.70 Percent [+]
France 0.40 Aug/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Aug/14 0.85 11.54 -7.62 Percent [+]
India 7.80 Aug/14 7.96 11.16 7.31 Percent [+]
Indonesia 3.99 Aug/14 4.53 82.40 -1.17 Percent [+]
Italy -0.10 Aug/14 0.09 25.64 -2.44 Percent [+]
Japan 3.40 Jul/14 3.60 25.00 -2.52 Percent [+]
Mexico 4.15 Aug/14 4.07 179.73 2.91 Percent [+]
Netherlands 1.00 Aug/14 0.89 11.19 -1.30 Percent [+]
Russia 7.60 Aug/14 7.50 2333.30 3.60 Percent [+]
South Korea 1.40 Aug/14 1.60 32.50 0.20 Percent [+]
Spain -0.50 Aug/14 -0.34 28.43 -1.37 Percent [+]
Switzerland 0.10 Aug/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.54 Aug/14 9.32 138.71 -4.01 Percent [+]
United Kingdom 1.50 Aug/14 1.60 8.50 0.50 Percent [+]
United States 1.70 Aug/14 2.00 23.70 -15.80 Percent [+]





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