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

The inflation rate in South Africa was recorded at 5 percent in July of 2015, accelerating from 4.7 percent in June, but matching market expectations. It is the highest rate in seven months. Inflation Rate in South Africa averaged 9.34 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.

South Africa Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
5.00 4.70 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 Thursday, August 27, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-17 09:00 AM May 4.6% 4.5% 4.6% 4.6%
2015-07-22 09:00 AM Jun 4.7% 4.6% 5.0% 5.1%
2015-08-19 09:00 AM Jul 5% 4.7% 5% 4.9%
2015-09-23 08:00 AM Aug 5% 5.1%
2015-10-21 08:00 AM Sep 4.77%
2015-11-18 08:00 AM Oct 4.75%


South Africa Inflation Rate at 7-Month High


South Africa annual inflation rate accelerated for the fifth straight month to 5 percent in July of 2015 from 4.7 percent in June, in line with market expectations. It is the highest figure since December last year pushed by higher utilities cost. Yet, core inflation slowed to its lowest rate in seventeen months.

The highest contribution to the rise in the CPI came from prices of housing and utilities which rose 6.4 percent year-on-year, following a 5.4 percent increase in June. Cost of electricity and other fuels posted the highest increase (11.3 percent), followed by water and other services (10 percent) and rentals for housing (4.8 percent). 

Prices of miscellaneous goods and services went up 7 percent with insurance posting the highest increase (8.2 percent). Additional upward pressure came from cost of food and non-alcoholic beverages (up 4.4 percent), alcoholic beverages and tobacco (up 8.9 percent) and education (up 9.3 percent). 

Transport prices went up 0.8 percent, slightly up from a 0.7 percent increase in June and mainly driven by a 4.2 percent rise in vehicles cost. 

Annual core inflation rate, which excludes prices of food, non-alcoholic beverages, petrol and energy slowed to 5.4 percent from 5.5 percent in May.

On a monthly basis, consumer prices rose 1 percent, after a 0.4 percent increase in June and in line with market expectations. Cost of food and non-alcoholic beverages increased 0.1 percent, due to prices of hot beverages (0.9 percent), other food (0.6 percent), bread and cereals (0.5 percent), vegetables (0.4 percent), fish (0.3 percent), oils and fats (0.2 percent) and cold beverages (0.2 percent). In contrast, prices decreased for fruit (-2.5 percent), meat (-0.4 percent) and sugar, sweets and desserts (-0.3 percent). The housing and utilities index increased by 3.1 percent, mainly due to a 9.8 percent increase in water and other services and an 11.2 percent increase in electricity and other fuels. In addition, transport prices rose 1 percent, mainly driven by a 44c/litre increase in the price of petrol. 

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
8/19/2015 9:33:51 AM


Recent Releases

South Africa Inflation Rate Below Expectations
Consumer prices in South Africa increased 4.7 percent year-on-year in June of 2015, slightly up from a 4.6 percent rise in May but less than market forecasts. Transport prices rebounded while cost of housing, utilities and food rose at a slightly slower pace.
Published on 2015-07-22

South Africa Inflation Rate Edges Up in May
Consumer prices in South Africa went up 4.6 percent year-on-year in May, following a 4.5 percent increase in April, mainly driven by cost of housing and utilities.
Published on 2015-06-17

South Africa Inflation Rate at 4-Month High
Annual inflation rate in South Africa increased to 4.5 percent in April of 2015 from 4 percent in the previous month, boosted by prices of housing and utilities and miscellaneous goods and services while transport cost fell at a slower pace.
Published on 2015-05-20

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.
Published on 2015-04-22


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 5.00 4.70 20.90 0.20 percent [+]
Inflation Rate Mom 1.00 0.40 4.29 -0.74 percent [+]
Consumer Price Index CPI 116.10 114.90 116.10 1.50 Index Points [+]
Producer Prices 118.70 118.41 219.40 4.10 Index Points [+]
Producer Prices Change 3.30 3.70 8.80 2.61 percent [+]
Export Prices 127.00 132.40 135.40 0.60 Index Points [+]
Import Prices 133.40 136.40 143.30 1.20 Index Points [+]
Food Inflation 4.40 4.30 15.75 0.73 percent [+]
Core Consumer Prices 115.80 115.30 115.80 78.50 Index Points [+]
Core Inflation Rate 5.40 5.50 8.34 2.90 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.50 Jun/15 1.30 23.90 -1.30 percent [+]
Brazil 9.56 Jul/15 8.89 6821.31 1.65 percent [+]
Canada 1.30 Jul/15 1.00 21.60 -17.80 percent [+]
China 1.60 Jul/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.20 Jul/15 0.20 5.00 -0.70 percent [+]
France 0.20 Jul/15 0.30 18.80 -0.70 percent [+]
Germany 0.20 Jul/15 0.30 11.54 -7.62 percent [+]
India 3.78 Jul/15 5.40 11.16 3.78 percent [+]
Indonesia 7.26 Jul/15 7.26 82.40 -1.17 percent [+]
Italy 0.20 Jul/15 0.20 25.64 -0.60 percent [+]
Japan 0.40 Jun/15 0.50 25.00 -2.52 percent [+]
Mexico 2.74 Jul/15 2.87 179.73 2.74 percent [+]
Netherlands 1.00 Jul/15 1.00 11.19 -1.30 percent [+]
Russia 15.60 Jul/15 15.30 2333.30 3.60 percent [+]
South Korea 0.70 Jul/15 0.70 32.50 0.20 percent [+]
Spain 0.10 Jul/15 0.10 28.43 -1.37 percent [+]
Switzerland -1.30 Jul/15 -1.00 11.92 -1.37 percent [+]
Turkey 6.81 Jul/15 7.20 138.71 -4.01 percent [+]
United Kingdom 0.10 Jul/15 0.00 8.50 -0.10 percent [+]
United States 0.20 Jul/15 0.10 23.70 -15.80 percent [+]