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

Consumer prices in South Africa increased 6 percent year-on-year in July of 2016, following a 6.3 percent rise in the previous period and lower than market expectations of 6.1 percent. It is the lowest inflation figure so far this year as cost of electricity and other fuels rose at a slower pace while food inflation reached a seven-year high. 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
6.00 6.30 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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% 6.3% 6.1% 6.2%
2016-09-21 08:00 AM Aug 6% 6.4%
2016-10-19 08:00 AM Sep 6.6%
2016-11-23 08:00 AM Oct 6.5%

South Africa Inflation Rate Slows to 7-Month Low of 6%


Consumer prices in South Africa increased 6 percent year-on-year in July of 2016, following a 6.3 percent rise in the previous period and lower than market expectations of 6.1 percent. It is the lowest inflation figure so far this year as cost of electricity and other fuels rose at a slower pace while food inflation reached a seven-year high.

Year-on-year, the biggest upward pressure came from food and non-alcoholic beverages, with prices up 11.3 percent in July, following a 10.8 percent rise in June. It is the highest food inflation since May of 2009. Cost of housing and utilities made the second largest contribution although inflation slowed to 5.8 percent from 6.5 percent, as prices of electricity and other fuels rose 7.4 percent, following an 11.3 percent surge in the previous month. Prices of miscellaneous goods and services increased at a slower 7 percent (7.2 percent in June) and transport inflation also eased to 3.1 percent from 3.3 percent.

On a monthly basis, consumer prices went up at a faster 0.8 percent, following a 0.6 percent rise in June. Prices of food and non-alcoholic beverages rose 0.5 percent, mainly due to a 2.7 percent increase in sugar, sweets and desserts; a 1.1 percent rise in milk, eggs and cheese and a 0.8 percent increase in bread and cereals. Cost of housing and utilities went up 2.4 percent, mainly due to a 10.1 percent increase in water tariffs; a 5.5 percent rise in assessment rates and a 7.5 percent gain in electricity tariffs. In addition, transport prices rose 0.8 percent, boosted by a 11c/l increase in the petrol price.

The core index which excludes prices of food, non-alcoholic beverages, petrol and energy accelerated slightly to 5.7 percent year-on-year from 5.6 percent in June. Month-over-month, prices rose at a faster 0.6 from 0.4 percent in the previous month. 

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
8/24/2016 9:54:06 AM

South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 6.00 6.30 20.90 0.20 percent [+]
Inflation Rate Mom 0.80 0.60 4.29 -0.74 percent [+]
Consumer Price Index CPI 123.10 122.10 123.10 1.50 Index Points [+]
Core Consumer Prices 122.40 121.70 122.40 78.50 Index Points [+]
Core Inflation Rate 5.70 5.60 8.34 2.90 percent [+]
Producer Prices 127.50 126.50 219.40 4.10 Index Points [+]
Producer Prices Change 7.40 6.80 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 11.30 10.80 15.75 0.73 percent [+]
Cpi Transportation 116.60 115.70 116.60 81.70 Index Points [+]




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Afghanistan 7.37 Jul/16
Albania 1.90 Jul/16
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Australia 1.00 Jun/16
Austria 0.60 Jul/16
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Bahrain 3.50 Jul/16
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Belgium 2.16 Aug/16
Belize 0.90 Jun/16
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Bhutan 3.31 Jun/16
Bolivia 3.56 Jul/16
Bosnia and Herzegovina -1.00 Jul/16
Botswana 2.70 Jul/16
Brazil 8.74 Jul/16
Brunei -0.50 Jul/16
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Burundi 3.90 Jul/16
Cambodia 3.25 Jun/16
Cameroon 0.64 Jun/16
Canada 1.30 Jul/16
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Central African Republic 38.04 Feb/16
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Chile 4.00 Jul/16
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Comoros 1.40 Dec/14
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Costa Rica 0.48 Jul/16
Croatia -1.50 Jul/16
Cuba 4.40 Dec/15
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Czech Republic 0.50 Jul/16
Denmark 0.30 Jul/16
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Dominican Republic 1.85 Jul/16
East Timor -1.70 May/16
Ecuador 1.58 Jul/16
Egypt 14.00 Jul/16
El Salvador 0.88 Jul/16
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
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Ethiopia 6.00 Jul/16
Euro Area 0.20 Jul/16
European Union 0.20 Jul/16
Fiji 5.50 Jul/16
Finland 0.50 Jul/16
France 0.20 Jul/16
Gabon 2.09 Feb/16
Gambia 6.67 Dec/15
Georgia 1.50 Jul/16
Germany 0.40 Aug/16
Ghana 16.70 Jul/16
Greece -1.00 Jul/16
Guatemala 4.62 Jul/16
Guinea 8.20 May/16
Guinea Bissau 3.00 Jun/16
Guyana 0.40 Jun/16
Haiti 13.90 Jun/16
Honduras 2.40 Jul/16
Hong Kong 2.30 Jul/16
Hungary -0.30 Jul/16
Iceland 0.90 Aug/16
India 6.07 Jul/16
Indonesia 3.21 Jul/16
Iran 8.10 Jul/16
Iraq -0.40 Jul/16
Ireland 0.50 Jul/16
Israel -0.60 Jul/16
Italy -0.10 Jul/16
Ivory Coast 0.40 Jul/16
Jamaica 2.20 Jul/16
Japan -0.40 Jul/16
Jordan -0.40 Jul/16
Kazakhstan 17.70 Jul/16
Kenya 6.40 Jul/16
Kosovo 0.00 Jul/16
Kuwait 3.10 Jul/16
Kyrgyzstan 1.20 Jul/16
Laos 1.97 Jul/16
Latvia 0.10 Jul/16
Lebanon -0.48 Jul/16
Lesotho 7.50 Jun/16
Liberia 8.44 Jun/16
Libya 27.40 Jun/16
Liechtenstein -0.20 Jul/16
Lithuania 0.50 Jul/16
Luxembourg -0.03 Jul/16
Macau 2.08 Jul/16
Macedonia -0.30 Jul/16
Madagascar 6.40 Jun/16
Malawi 23.50 Jul/16
Malaysia 1.10 Jul/16
Maldives -0.20 Jun/16
Mali -3.70 Jul/16
Malta 0.90 Jul/16
Mauritania 0.90 Apr/16
Mauritius 1.00 Jul/16
Mexico 2.65 Jul/16
Moldova 7.00 Jul/16
Mongolia 0.90 Jul/16
Montenegro -0.60 Jul/16
Morocco 1.60 Jul/16
Mozambique 20.68 Jul/16
Myanmar 11.41 Dec/15
Namibia 7.00 Jul/16
Nepal 11.10 Jun/16
Netherlands -0.30 Jul/16
New Caledonia 0.80 Jul/16
New Zealand 0.40 Jun/16
Nicaragua 4.10 Jul/16
Niger 0.10 Jul/16
Nigeria 16.50 Jun/16
North Korea 55.00 Jul/13
Norway 4.40 Jul/16
Oman 1.30 Jul/16
Pakistan 4.12 Jul/16
Palestine 0.34 Jul/16
Panama 0.10 Jul/16
Papua New Guinea 6.50 Mar/16
Paraguay 2.90 Jul/16
Peru 2.96 Jul/16
Philippines 1.90 Jul/16
Poland -0.90 Jul/16
Portugal 0.60 Jul/16
Puerto Rico 0.20 Jun/16
Qatar 2.80 Jul/16
Republic of the Congo 3.70 Apr/15
Romania -0.80 Jul/16
Russia 7.20 Jul/16
Rwanda 7.80 Jul/16
Sao Tome and Principe 5.50 Jul/16
Saudi Arabia 3.80 Jul/16
Senegal 1.40 Jun/16
Serbia 1.20 Jul/16
Seychelles -0.70 Jul/16
Sierra Leone 8.77 Mar/16
Singapore -0.70 Jul/16
Slovakia -0.90 Jul/16
Slovenia 0.20 Jul/16
Somalia -4.00 Dec/14
South Africa 6.00 Jul/16
South Korea 0.70 Jul/16
South Sudan 661.30 Jul/16
Spain -0.10 Aug/16
Sri Lanka 5.50 Jul/16
Sudan 16.50 Jul/16
Suriname 63.80 Jun/16
Swaziland 7.50 Jun/16
Sweden 1.10 Jul/16
Switzerland -0.20 Jul/16
Syria 48.09 Dec/15
Taiwan 1.23 Jul/16
Tajikistan 6.00 Jul/16
Tanzania 5.10 Jul/16
Thailand 0.10 Jul/16
Togo 2.10 Jul/16
Trinidad and Tobago 3.40 Jun/16
Tunisia 3.70 Jul/16
Turkey 8.79 Jul/16
Turkmenistan 7.00 Dec/15
Uganda 5.10 Jul/16
Ukraine 7.90 Jul/16
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United Kingdom 0.60 Jul/16
United States 0.80 Jul/16
Uruguay 10.05 Jul/16
Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
Vietnam 2.57 Aug/16
Yemen 9.49 Nov/14
Zambia 19.60 Aug/16
Zimbabwe -1.60 Jul/16