South Africa Inflation Rate  1968-2016 | Data | Chart | Calendar

Consumer prices in South Africa rose 6.3 percent year-on-year in June of 2016, following a 6.1 percent growth in May. Figures came above market expectation of 6.2 percent increase driven by higher prices of food and non-alcoholic beverages and transport went up at a faster pace. On a monthly basis, consumer prices rose 0.6 percent, after a 0.2 percent gain in the previous month. Inflation Rate in South Africa averaged 9.27 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. 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
6.30 6.10 20.90 0.20 1968 - 2016 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. South Africa Inflation Rate - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-18 08:00 AM Apr 6.2% 6.3% 6.3% 6.4%
2016-06-22 08:00 AM May 6.1% 6.2% 6.4% 6.4%
2016-07-20 08:00 AM Jun 6.3% 6.1% 6.2% 6.2%
2016-08-24 08:00 AM Jul 6.3% 6.5%
2016-09-21 08:00 AM Aug 6.4%
2016-10-19 08:00 AM Sep 6.6%

South Africa Inflation Rate Rises to 6.3% in June


Consumer prices in South Africa rose 6.3 percent year-on-year in June of 2016, following a 6.1 percent growth in May. Figures came above market expectation of 6.2 percent increase driven by higher prices of food and non-alcoholic beverages and transport.

Compared to June 2015, prices increased at a faster 10.8 percent for food and non-alcoholic beverages (+10.5 percent in May), driven mainly by processed food (up 9.2 percent from 8.2 percent). Transport cost rose at a  (+3.3 percent from 3.1 percent), due to higher prices of private transport operation (+0.2 percent from -0.3 percent). Housing and utilities went up at the same pace (+6.5 percent from 6.5 percent). In addition, miscellaneous goods and services went up 7.2 percent (+7 percent in April). 

Annual core inflation rate, which excludes prices of food, non-alcoholic beverages, petrol and energy was recorded at 5.6 percent, compared to 5.5 percent rise in the previous month.

On a monthly basis, consumer prices rose 0.6 percent, following a 0.2 percent gain in the previous month. Transport prices went up 1.6 percent (+0.6 percent in May), food and non-alcoholic beverages inflation was flat  (+0.2 percent) and housing and utilities was up 0.8 percent after showing no growth in May.

Statistics South Africa | Mojdeh Kazemi | mojdeh@tradingeconomics.com
7/20/2016 9:57:35 AM

South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 6.30 6.10 20.90 0.20 percent [+]
Inflation Rate Mom 0.60 0.20 4.29 -0.74 percent [+]
Consumer Price Index CPI 122.10 121.40 122.10 1.50 Index Points [+]
Core Consumer Prices 121.70 121.20 121.70 78.50 Index Points [+]
Core Inflation Rate 5.60 5.50 8.34 2.90 percent [+]
Producer Prices 126.50 125.80 219.40 4.10 Index Points [+]
Producer Prices Change 6.80 6.50 8.80 2.61 percent [+]
Export Prices 143.00 128.80 143.00 0.60 Index Points [+]
Import Prices 139.40 135.60 143.30 1.20 Index Points [+]
Food Inflation 10.80 10.50 15.75 0.73 percent [+]
Cpi Transportation 115.70 113.90 115.70 81.70 Index Points [+]




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