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

The inflation rate in South Africa was recorded at 5.90 percent in September of 2014. Inflation Rate in South Africa averaged 9.42 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.

   
 
 

South Africa Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.90 6.40 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, October 30, 2014.


South Africa Inflation Rate Slows to 5.9%


South African annual inflation rate eased to 5.9 percent in September from 6.4 percent in August. It is the lowest rate in seven months as food and transport prices slowed.

On a monthly basis, consumer prices were unchanged between August 2014 and September 2014. 

The food and non-alcoholic beverages index was unchanged between August 2014 and September 2014. The annual rate decreased to 8.5 percent in September 2014 from 9.4 percent in August 2014. The following components in the food and non-alcoholic beverages index increased: fish (1.5 percent), milk, eggs and cheese (0.9 percent), vegetables (0.3 percent), sugar, sweets and desserts (0.3 percent) and fruit (0.1 percent). The following components decreased: oils and fats (-1.1 percent), cold beverages (-0.4 percent), bread and cereals (-0.3 percent), meat (-0.2 percent) and other food (-0.2 percent). 

The housing and utilities index increased by 0.7 percent between August 2014 and September 2014, mainly due to a 1.2 percent increase in actual rentals for housing and a 1.1 percent increase in owners’ equivalent rent. The annual rate decreased to 5.8 percent in September 2014 from 5.9 percent in August 2014. 

The household contents and services index increased by 0.4 percent between August 2014 and September 2014, mainly due to a 0.8 percent increase in domestic workers’ wages. The annual rate decreased to 2.9 percent in September 2014 from 3.6 percent in August 2014. 

The transport index decreased by 1.5 percent between August 2014 and September 2014, mainly due to a 67c/litre decrease in the price of petrol. The annual rate decreased to 4.2 percent in September 2014 from 6.1 percent in August 2014. 

The miscellaneous goods and services index decreased by 0.1 percent between August 2014 and September 2014. The annual rate decreased to 6.9 percent in September 2014 from 7.1 percent in August 2014.

The provinces with an annual inflation rate lower than or equal to 5.9 percent were Western Cape (5.9 percent), Gauteng (5.9 percent), Mpumalanga (5.8 percent) and Free State (5.7 percent). The provinces with an annual inflation rate higher than headline inflation were Limpopo (6.6 percent), North West (6.3 percent), Eastern Cape (6.2 percent), KwaZulu-Natal (6.2 percent) and Northern Cape (6.0 percent).

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
10/22/2014 9:17:36 AM


Recent Releases

South Africa Inflation Rate Edges Up to 6.4%
South African annual inflation rate accelerated slightly to 6.4 percent in August from 6.3 percent in the previous month, driven by higher food prices. Published on 2014-09-17

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. Published on 2014-08-20


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 6.4% 6.3% 6.2% 6.37%
2014-10-22 09:00 AM South Africa
Inflation Rate YoY
Sep 2014 5.9% 6.4% 6.1% 6.5%
2014-11-19 09:00 AM South Africa
Inflation Rate YoY
Oct 2014 5.9% 6.58%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 5.90 6.40 20.90 0.20 Percent [+]
Inflation Rate Mom 0.00 0.40 4.29 -0.74 Percent [+]
Consumer Price Index CPI 111.00 111.00 111.00 1.50 Index Points [+]
Producer Prices 115.00 114.90 219.40 4.10 Index Points [+]
Producer Prices Change 6.90 7.20 8.80 4.90 Percent [+]
Export Prices 223.90 226.60 226.60 1.50 Index Points [+]
Import Prices 192.20 194.00 194.00 1.70 Index Points [+]
Food Inflation 8.50 9.39 15.75 0.73 Percent [+]
Core Consumer Prices 110.60 110.20 110.60 78.50 Index Points [+]
Core Inflation Rate 5.60 5.76 8.34 2.90 Percent [+]