South Africa Inflation Rate

The inflation rate in South Africa was recorded at 6.60 percent in June of 2014. Inflation Rate in South Africa averaged 9.44 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.

   
 
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South Africa Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
6.60 6.60 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.


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.

The food and non-alcoholic beverages index increased by 0.1 percent between May 2014 and June 2014. The annual rate was the same as the corresponding rate of 8.8 percent in May 2014. The following components in the food and non-alcoholic beverages index increased: hot beverages (2.1 percent), milk, eggs and cheese (1.0 percent), other food (0.6 percent), sugar, sweets and desserts (0.5 percent), bread and cereals (0.4 percent), fish (0.3 percent) and cold beverages (0.3 percent). The following components decreased: fruit (-4.6 percent), vegetables (-1.8 percent) and oils and fats (-0.1 percent). 

The housing and utilities index increased by 0.9 percent between May 2014 and June 2014, mainly due to a 1.5 percent increase in actual rentals for housing and a 1,.3 percent increase in owners’ equivalent rent. The annual rate increased to 5.8 percent in June 2014 from 5.7 percent in May 2014. 

The household contents and services index increased by 1.2 percent between May 2014 and June 2014, mainly due to a 2.3 percent increase in domestic workers’ wages. The annual rate increased to 4.0 percent in June 2014 from 3.7 percent in May 2014. 

The transport index decreased by 0.1 percent between May 2014 and June 2014, mainly due to a 22c/litre decrease in the price of petrol. The annual rate decreased to 8.6 percent in June 2014 from 8.9 percent in May. 

On a monthly basis, consumer prices rose 0.3 percent in June, following a 0.2 percent increase in the previous month.

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
7/23/2014 9:23:39 AM


Recent Releases

South Africa Inflation Up to 5-Year High
South African annual inflation rate quickened to 6.6 percent in May of 2014 from 6.1 percent in the previous month. It is the highest rate since July of 2009, as food prices accelerated for the fifth consecutive month. Published on 2014-06-18

South Africa Inflation Rate Accelerates in April
South African annual consumer prices quickened to 6.1 percent in April of 2014 from 6 percent in March. The inflation accelerated for the fifth straight month to the highest rate since August, driven by a rise in food prices. Published on 2014-05-21


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-23 09:00 AM South Africa
Inflation Rate YoY
Mar 2014 6.0% 5.9% 5.69%
2014-05-21 09:00 AM South Africa
Inflation Rate YoY
Apr 2014 6.1% 6.0% 5.75%
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 6.6% 6.08%


Prices Last Previous Highest Lowest Unit
Inflation Rate 6.60 6.60 20.90 0.20 Percent [+]
Inflation Rate Mom 0.30 0.20 4.29 -0.74 Percent [+]
Consumer Price Index (CPI) 109.70 109.40 109.70 1.50 Index Points [+]
Producer Prices 114.30 114.00 219.40 4.10 Index Points [+]
Producer Prices Change 8.10 8.67 8.80 4.90 Percent [+]
Export Prices 226.60 217.20 226.60 1.50 Index Points [+]
Import Prices 194.00 186.50 194.00 1.70 Index Points [+]
Food Inflation 8.80 8.80 15.75 0.73 Percent [+]





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