South Africa Inflation Rate

The inflation rate in South Africa was recorded at 5.90 percent in February of 2014. Inflation Rate in South Africa is reported by the Statistics South Africa. Inflation Rate in South Africa averaged 9.46 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. 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. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.90 5.80 20.90 0.20 5.69 | 2014/03 1968 - 2014 Percent Monthly

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South Africa Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-11 08:00 AM South Africa
Inflation Rate YoY
Nov 2013 5.3% 5.5% 5.5%
2014-01-22 08:00 AM South Africa
Inflation Rate YoY
Dec 2013 5.4% 5.3% 5.5% 5.33%
2014-02-19 08:00 AM South Africa
Inflation Rate YoY
Jan 2014 5.8% 5.4% 5.41%
2014-03-19 08:00 AM South Africa
Inflation Rate YoY
Feb 2014 5.9% 5.8% 5.6%
2014-04-23 09:00 AM South Africa
Inflation Rate YoY
Mar 2014 5.9% 5.69%
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Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate 5.90 2014-02-28 5.80 20.90 0.20 5.69 2014-03-31 Percent [+]
Consumer Price Index (CPI) 107.30 2014-02-15 106.10 107.30 1.50 108.30 2014-03-31 Index Points [+]
Export Prices 217.20 2013-11-15 216.60 217.20 1.50 221.97 2014-03-31 Index Points [+]
Import Prices 186.50 2013-11-15 182.70 186.50 1.70 190.95 2014-03-31 Index Points [+]
Inflation Rate Mom 1.10 2014-02-28 0.70 4.29 -0.74 0.43 2014-03-31 Percent [+]
Producer Prices 111.30 2014-02-15 109.90 219.40 4.10 108.89 2014-03-31 Index Points [+]
Producer Prices Change 7.74 2014-02-15 7.01 7.74 4.90 7.12 2014-03-31 Percent [+]
[+]


South Africa Inflation Rate Edges Up in February

South African annual consumer prices accelerated for the third straight month to 5.9 percent in February of 2014, up from 5.8 percent in the previous month, on higher health, fuel and petrol cost.

Year-on-year, food prices rose 5.4 percent from 4.3 percent in January. Transport cost increased by 0.2 percent to an annual rate of 8 percent and cost of miscellaneous goods and services decelerated to 6.2 percent (7 percent in January). 

On a monthly basis, the inflation rate increased to 1.1 percent, 0.4 percentage point higher than in the preceding month. 

Food prices rose 0.5 percent between January and February 2014. The following components in the food and non-alcoholic beverages index increased: bread and cereals (1.8 percent), fish (1.3 percent), oils and fats (1.2 percent), milk, eggs and cheese (0.9 percent), hot beverages (0.4 percent) and sugar, sweets and desserts (0.2 percent). The following components decreased: fruit (-0.7 percent), cold beverages (-0.7 percent), other food (-0.6 percent), vegetables (-0.4 percent) and meat (-0.1 percent).

The transport index increased by 1.5 percent, mainly due to a 39c/litre increase in the price of petrol. The miscellaneous goods and services index increased by 4.7 percent due to an 8.3 percent increase in health insurance. 

The provinces with an annual inflation rate lower than or equal to 5.9 percent were Free State (5.9 percent), Northern Cape (5.8 percent), KwaZulu-Natal (5.8 percent), Western Cape (5.7 percent), North West (5.3 percent) and Mpumalanga (5.3 percent). Limpopo (6.7 percent), Eastern Cape (6.0 percent) and Gauteng (6.0 percent) showed higher price increases.

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
3/19/2014 9:33:24 AM

RECENT RELEASES

South Africa Inflation Rate Rises in January
South African annual inflation rate accelerated to 5.8 percent in January of 2014 from 5.4 percent in December as rand’s depreciation against the dollar pushed food and fuel costs up. Published on 2014-02-19

South Africa Inflation Rate Accelerates in December
In December of 2013, South African inflation rate accelerated to an annual 5.4 percent, after slowing in the previous three months and mainly due to higher housing and transport cost. On a monthly basis, prices edged up to 0.3 percent. Published on 2014-01-22


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


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