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

The inflation rate in South Africa was recorded at 5.90 percent in October 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.

   
  Forecast  

South Africa Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.90 5.90 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 Monday, November 24, 2014.


South Africa Inflation Steady at 5.9%


South African annual inflation rate was unchanged at 5.9 percent in October, staying in the central bank’s 3 percent to 6 percent target range for a second month as a slowdown in food prices was enough to offset higher transport cost.

On a monthly basis, consumer prices increased 0.2 percent after being flat in the previous month. 

The food and non-alcoholic beverages index increased by 0.2 percent between September 2014 and October 2014. The annual rate decreased to 7.8 percent in October 2014 from 8.5 percent in September. The following components in the food and non-alcoholic beverages index increased: fruit (1.9 percent), other food (1.5 percent), meat (0.9 percent) and cold beverages (0.7 percent). The following components decreased: oils and fats (-1.1 percent), hot beverages (-1.0 percent), vegetables (-0.8 percent), fish (-0.5 percent), bread and cereals (-0.3 percent), sugar, sweets and desserts (-0.2 percent) and milk, eggs and cheese (-0.1 percent). 

The alcoholic beverages index increased by 1.9 percent between September 2014 and October 2014. The annual rate increased to 6.3 percent in October from 5.3 percent in September 2014. 

The transport index increased by 0.3 percent on a monthly basis. The annual rate increased to 4.8 percent in October from 4.2 percent in the previous month. 

Northern Cape (5.8 percent), Gauteng (5.8 percent), Eastern Cape (5.7 percent), Mpumalanga (5.6 percent) and Free State (5.5 percent) recorded lower inflation rates. The provinces with an annual inflation rate higher than headline inflation were Limpopo (6.3 percent), KwaZulu-Natal (6.2 percent), North West (6.1 percent) and Western Cape (6.0 percent).

The core inflation rate, which excludes food, non-alcoholic beverages, gasoline and electricity costs, rose to 5.7 percent in October from 5.6 percent in the previous month.

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
11/19/2014 10:38:56 AM


Recent Releases

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. Published on 2014-10-22

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-17 09:00 AM
Inflation Rate YoY  Aug 2014
6.4% 6.3% 6.2% 6.37%
2014-10-22 09:00 AM
Inflation Rate YoY  Sep 2014
5.9% 6.4% 6.1% 6.5%
2014-11-19 08:00 AM
Inflation Rate YoY  Oct 2014
5.9% 5.9% 5.7%
2014-12-10 08:00 AM
Inflation Rate YoY  Nov 2014
5.9% 6.62%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 5.90 5.90 20.90 0.20 percent [+]
Inflation Rate Mom 0.18 0.00 4.29 -0.74 percent [+]
Consumer Price Index CPI 111.20 111.00 111.20 1.50 Index Points [+]
Producer Prices 115.00 114.90 219.40 4.10 Index Points [+]
Producer Prices Change 6.88 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 7.80 8.50 15.75 0.73 percent [+]
Core Consumer Prices 110.90 110.60 110.90 78.50 Index Points [+]
Core Inflation Rate 5.70 5.60 8.34 2.90 percent [+]