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

The inflation rate in South Africa was recorded at 4 percent in March of 2015. Inflation Rate in South Africa averaged 9.38 percent from 1968 until 2015, 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
4.00 3.90 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 Saturday, April 25, 2015.


South Africa Inflation Rate Quickens to 4%


Consumer prices in South Africa rose 4 percent year-on-year in March of 2015 from 3.9 percent in February, driven by higher cost of housing and utilities.

Year-on-year, cost of housing and utilities quickened 0.1 percent to 5.7 percent while food prices rose 5.8 percent, slowing from a 6.4 percent increase in February. Education prices recorded the highest increase (9.3 percent), followed by alcoholic beverages and tobacco (9 percent), miscellaneous goods (7.5 percent) and restaurants and hotels (6.7 percent). 

In contrast, although prices fell for transport (-5 percent) and communication (-1.6 percent) the pace of the decrease slowed (-6.3 percent and -1.7 percent respectively in February).

Annual core inflation rate, which excludes prices of food, non-alcoholic beverages, petrol and energy slowed slightly to 5.7 percent from 5.8 percent in the previous month.

On a monthly basis, consumer prices increased 1.4 percent, the fastest pace in seven years. Food prices rose 0.8 percent, doubling from February’s 0.4 percent rise. Cost of housing and utilities surged 1 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
4/22/2015 9:59:59 AM


Recent Releases

South Africa Inflation Rate Slows Further
South African annual inflation rate eased to a fresh four-year low 3.9 percent in February of 2015, as transport prices fell further while food cost slowed. Yet, monthly inflation rose to a seven-month high. Published on 2015-03-18

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. Published on 2015-02-18


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
3.9% 4.4% 3.8% 4%
2015-04-22 09:00 AM
Inflation Rate YoY  Mar
4.0% 3.9% 4.1% 3.7%
2015-05-20 08:00 AM
Inflation Rate YoY  Apr
4.0% 4.58%
2015-06-17 08:00 AM
Inflation Rate YoY  May
4.24%
2015-07-22 08:00 AM
Inflation Rate YoY  Jun
4.09%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 4.00 3.90 20.90 0.20 percent [+]
Inflation Rate Mom 1.40 0.63 4.29 -0.74 percent [+]
Consumer Price Index CPI 110.22 111.50 111.50 1.50 Index Points [+]
Producer Prices 114.20 113.80 219.40 4.10 Index Points [+]
Producer Prices Change 2.61 3.55 8.80 2.61 percent [+]
Export Prices 132.40 135.40 135.40 0.60 Index Points [+]
Import Prices 136.40 140.80 143.30 1.20 Index Points [+]
Food Inflation 5.80 6.40 15.75 0.73 percent [+]
Core Consumer Prices 113.10 111.70 113.10 78.50 Index Points [+]
Core Inflation Rate 5.70 5.80 8.34 2.90 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Feb/15 1.70 23.90 -1.30 percent [+]
Brazil 8.13 Mar/15 7.70 6821.31 1.65 percent [+]
Canada 1.20 Mar/15 1.00 21.60 -17.80 percent [+]
China 1.40 Mar/15 1.40 28.40 -2.20 percent [+]
Euro Area -0.10 Mar/15 -0.30 5.00 -0.70 percent [+]
France -0.10 Mar/15 -0.30 18.80 -0.70 percent [+]
Germany 0.30 Mar/15 0.09 11.54 -7.62 percent [+]
India 5.17 Mar/15 5.37 11.16 4.38 percent [+]
Indonesia 6.38 Mar/15 6.29 82.40 -1.17 percent [+]
Italy -0.09 Mar/15 -0.09 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.14 Mar/15 3.00 179.73 2.91 percent [+]
Netherlands 0.38 Mar/15 0.20 11.19 -1.30 percent [+]
Russia 16.90 Mar/15 16.70 2333.30 3.60 percent [+]
South Korea 0.40 Mar/15 0.50 32.50 0.20 percent [+]
Spain -0.70 Mar/15 -1.10 28.43 -1.37 percent [+]
Switzerland -0.90 Mar/15 -0.80 11.92 -1.37 percent [+]
Turkey 7.61 Mar/15 7.55 138.71 -4.01 percent [+]
United Kingdom 0.00 Mar/15 0.00 8.50 0.00 percent [+]
United States -0.10 Mar/15 0.00 23.70 -15.80 percent [+]