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

The inflation rate in South Africa was recorded at 6.30 percent in July 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
6.30 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. Content for - South Africa Inflation Rate - was last refreshed on Thursday, August 28, 2014.


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.

On a monthly basis, consumer prices accelerated 0.8 percent in July, following a 0.3 percent increase in June. 

The food and non-alcoholic beverages index was unchanged in July 2014. The annual rate was also the same as the corresponding rate of 8.8 percent in June 2014. The following components in the food and non-alcoholic beverages index increased: hot beverages (2.1 percent), milk, eggs and cheese (1.6 percent), other food (1.4 percent), cold beverages (0.8 percent), sugar, sweets and desserts (0.6 percent) and vegetables (0.1 percent). The following components decreased: oils and fats (-1.4 percent), bread and cereals (-1.0 percent), fruit (-1.0 percent), meat (-0.3 percent) and fish (-0.1 percent). 

The alcoholic beverages and tobacco index increased by 1.0 percent between June 2014 and July 2014. The annual rate increased to 5.8 percent in July 2014 from 5.6 percent in June 2014. 

The housing and utilities index increased by 2.1 percent between June 2014 and July 2014, mainly due to an 8.3 percent increase in water and other services and a 6.9 percent increase in electricity and other fuels. The annual rate increased to 5.9 percent in July 2014 from 5.8 percent in June 2014. 

The transport index increased by 0.9 percent between June 2014 and July 2014, mainly due to a 29c/litre increase in the price of petrol. The annual rate decreased to 6.9 percent in July 2014 from 8.6 percent in June 2014. 

The miscellaneous goods and services index increased by 0.4 percent between June 2014 and July 2014. The annual rate increased to 7.1 percent in July 2014 from 6.9 percent in June 2014. 

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
8/20/2014 9:22:43 AM


Recent Releases

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

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 6.3% 6.6% 6.4% 6.08%
2014-09-17 09:00 AM South Africa
Inflation Rate YoY
Aug 2014 6.3% 6.37%


Prices Last Previous Highest Lowest Unit
Inflation Rate 6.30 6.60 20.90 0.20 Percent [+]
Inflation Rate Mom 0.80 0.30 4.29 -0.74 Percent [+]
Consumer Price Index (CPI) 110.60 109.70 110.60 1.50 Index Points [+]
Producer Prices 114.30 114.00 219.40 4.10 Index Points [+]
Producer Prices Change 8.14 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 [+]
Core Consumer Prices 109.90 109.30 109.90 78.50 Index Points [+]
Core Inflation Rate 5.67 5.60 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 6.50 Jul/14 6.52 6821.31 1.65 Percent [+]
Canada 2.10 Jul/14 2.40 21.60 -17.80 Percent [+]
China 2.30 Jul/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.40 Jul/14 0.50 5.00 -0.70 Percent [+]
France 0.50 Jul/14 0.50 18.80 -0.70 Percent [+]
Germany 0.85 Jul/14 1.04 11.54 -7.62 Percent [+]
India 7.96 Jul/14 7.31 11.16 7.31 Percent [+]
Indonesia 4.53 Jul/14 6.70 82.40 -1.17 Percent [+]
Italy 0.09 Jul/14 0.28 25.64 -2.44 Percent [+]
Japan 3.60 Jun/14 3.70 25.00 -2.52 Percent [+]
Mexico 4.07 Jul/14 3.75 179.73 2.91 Percent [+]
Netherlands 0.89 Jul/14 0.93 11.19 -1.30 Percent [+]
Russia 7.50 Jul/14 7.80 2333.30 3.60 Percent [+]
South Korea 1.60 Jul/14 1.70 32.50 0.20 Percent [+]
Spain -0.34 Jul/14 0.09 28.43 -1.37 Percent [+]
Switzerland 0.00 Jul/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.32 Jul/14 9.16 138.71 -4.01 Percent [+]
United Kingdom 1.60 Jul/14 1.90 8.50 0.50 Percent [+]
United States 2.00 Jul/14 2.10 23.70 -15.80 Percent [+]





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