South Africa Inflation Rate  1968-2017 | Data | Chart | Calendar

Consumer prices in South Africa rose 6.8 percent year-on-year in December of 2016, following a 6.6 percent increase in November and above market expectations of 6.5 percent. It was the highest inflation rate since February as cost increased at a faster pace for food and non-alcoholic beverages and housing and utilities. On a monthly basis, consumer prices went up 0.4 percent after a 0.3 percent gain in a month earlier. Inflation Rate in South Africa averaged 9.24 percent from 1968 until 2016, 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.

South Africa Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-23 08:00 AM Oct 6.4% 6.1% 6.3% 6.1%
2016-12-14 08:00 AM Nov 6.6% 6.4% 6.6% 6.5%
2017-01-18 08:00 AM Dec 6.8% 6.6% 6.5% 6.5%
2017-02-15 08:00 AM Jan 6.8% 6.71%
2017-03-22 08:00 AM Feb 6.72%
2017-04-19 08:00 AM Mar 6.72%




South Africa Inflation Rate at 10-Month High Of 6.8%


Consumer prices in South Africa rose 6.8 percent year-on-year in December of 2016, following a 6.6 percent increase in November and above market expectations of 6.5 percent. It was the highest inflation rate since February as cost increased at a faster pace for food and non-alcoholic beverages and housing and utilities.

Year-on-year, prices increased more for food and non-alcoholic beverages (+11.7 percent from +11.6 percent in November), housing and utilities (+5.6 percent from +5.4 percent), miscellaneous goods and services (+7.6 percent from percent +7.5 percent), recreation and culture (+7.6 percent from +6 percent), restaurants and hotels (+7.1 percent from +6.4 percent), alcoholic beverages and tobacco (+5.5 percent from +5 percent) and household contents and services (+4 percent from +3.8 percent). By contrast, prices increased less for transport (+5.7 percent from +6.4 percent).

On a monthly basis, consumer prices went up 0.4 percent after a 0.3 percent gain in a month earlier. Cost increased for housing and utilities (+1 percent after being flat in November), rose faster for food and non-alcoholic beverages (+0.8 percent from +0.5 percent) while decreased for transport (-0.4 percent from +1.5 percent).

The core inflation which excludes prices of food, non-alcoholic beverages, petrol and energy went up to 5.9 percent from 5.7 percent in the previous month.

Statistic of South Africa | Deborah Neves | deborah.neves@tradingeconomics.com
1/18/2017 10:30:14 AM



South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 6.80 6.60 20.90 0.20 percent [+]
Inflation Rate Mom 0.40 0.30 4.29 -0.74 percent [+]
Consumer Price Index CPI 124.70 124.20 124.70 1.50 Index Points [+]
Core Consumer Prices 124.00 123.40 124.00 78.50 Index Points [+]
Core Inflation Rate 5.90 5.70 8.34 2.90 percent [+]
Producer Prices 128.60 128.10 219.40 4.10 Index Points [+]
Producer Prices Change 6.90 6.60 8.80 2.61 percent [+]
Export Prices 146.50 145.60 146.50 0.60 Index Points [+]
Import Prices 142.20 143.10 143.30 1.20 Index Points [+]
Food Inflation 11.70 11.60 15.75 0.73 percent [+]
Cpi Transportation 116.40 116.90 116.90 81.70 Index Points [+]



South Africa Inflation Rate Notes

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. South Africa Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6.80 6.60 20.90 0.20 1968 - 2016 percent Monthly



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Liechtenstein 0.00 Dec/16
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Luxembourg 1.10 Dec/16
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Malawi 20.00 Dec/16
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Montenegro 0.90 Dec/16
Morocco 1.80 Dec/16
Mozambique 25.27 Dec/16
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Netherlands 1.00 Dec/16
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Poland 0.80 Dec/16
Portugal 0.90 Dec/16
Puerto Rico 0.00 Nov/16
Qatar 1.80 Dec/16
Republic of the Congo 3.70 Apr/15
Romania -0.54 Dec/16
Russia 5.40 Dec/16
Rwanda 11.00 Dec/16
Sao Tome and Principe 6.20 Nov/16
Saudi Arabia 2.30 Nov/16
Senegal 2.10 Dec/16
Serbia 1.60 Dec/16
Seychelles -0.20 Dec/16
Sierra Leone 15.26 Nov/16
Singapore 0.00 Nov/16
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South Africa 6.80 Dec/16
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South Sudan 479.70 Dec/16
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