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

The inflation rate in South Africa was recorded at 5.80 percent in November of 2014. Inflation Rate in South Africa averaged 9.41 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
5.80 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 Friday, December 19, 2014.


South Africa Inflation Rate Slows to 5.8%


South African annual inflation rate eased to 5.8 percent in November of 2014 from 5.9 percent in the previous two months due to lower food and transport cost.

On a monthly basis, consumer prices were flat, following a 0.2 percent increase in the previous period.  

The food and non-alcoholic beverages index increased by 0.6 percent between October 2014 and November 2014. The annual rate decreased to 7.6 percent in November from 7.8 percent in October. The following components increased: fruit (11.2 percent), meat (1.2 percent), hot beverages (1.1 percent), fish (0.8 percent), milk, eggs and cheese (0.7 percent), oils and fats (0.6 percent) and other food (0.5 percent). The following components decreased: cold beverages (-0.6 percent) and vegetables (-0.3 percent).

The transport index decreased by 1.2 percent between October and November, mainly due to a 45c/litre decrease in the price of petrol. The annual rate decreased to 4.2 percent from 4.8 percent.

Eastern Cape (5.7 percent), Northern Cape (5.7 percent), North West (5.7 percent), Free State (5.5 percent) and Mpumalanga (5.5 percent) recorded lower inflation rates. The provinces with an annual inflation rate higher than headline inflation were Limpopo (6.3 percent), Western Cape (6.1 percent), KwaZulu-Natal (6.0 percent) and Gauteng (5.9 percent).

Core inflation rate, which excludes food, non-alcoholic beverages, gasoline and electricity costs rose to 5.8 percent in November from 5.7 percent in the previous month.

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
12/10/2014 8:48:00 AM


Recent Releases

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. Published on 2014-11-19

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-22 09:00 AM
Inflation Rate YoY  Sep
5.9% 6.4% 6.1% 6.5%
2014-11-19 08:00 AM
Inflation Rate YoY  Oct
5.9% 5.9% 5.7%
2014-12-10 08:00 AM
Inflation Rate YoY  Nov
5.8% 5.9% 5.8% 5.7%
2015-01-21 08:00 AM
Inflation Rate YoY  Dec
5.8%
2015-02-18 08:00 AM
Inflation Rate YoY  Jan
2015-03-18 08:00 AM
Inflation Rate YoY  Feb


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 5.80 5.90 20.90 0.20 percent [+]
Inflation Rate Mom 0.00 0.18 4.29 -0.74 percent [+]
Consumer Price Index CPI 111.20 111.20 111.20 1.50 Index Points [+]
Producer Prices 115.30 115.30 219.40 4.10 Index Points [+]
Producer Prices Change 6.50 6.66 8.80 4.90 percent [+]
Export Prices 114.60 111.50 226.60 1.50 Index Points [+]
Import Prices 119.20 115.70 194.00 1.70 Index Points [+]
Food Inflation 7.60 7.80 15.75 0.73 percent [+]
Core Consumer Prices 111.10 110.90 111.10 78.50 Index Points [+]
Core Inflation Rate 5.80 5.70 8.34 2.90 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 2.30 Aug/14 3.00 23.90 -1.30 percent [+]
Brazil 6.56 Nov/14 6.59 6821.31 1.65 percent [+]
Canada 2.00 Nov/14 2.40 21.60 -17.80 percent [+]
China 1.40 Nov/14 1.60 28.40 -2.20 percent [+]
Euro Area 0.30 Nov/14 0.40 5.00 -0.70 percent [+]
France 0.30 Nov/14 0.50 18.80 -0.70 percent [+]
Germany 0.57 Nov/14 0.80 11.54 -7.62 percent [+]
India 4.38 Nov/14 5.52 11.16 4.38 percent [+]
Indonesia 6.23 Nov/14 4.83 82.40 -1.17 percent [+]
Italy 0.19 Nov/14 0.10 25.64 -2.44 percent [+]
Japan 2.90 Oct/14 3.20 25.00 -2.52 percent [+]
Mexico 4.17 Nov/14 4.30 179.73 2.91 percent [+]
Netherlands 1.00 Nov/14 1.10 11.19 -1.30 percent [+]
Russia 9.10 Nov/14 8.30 2333.30 3.60 percent [+]
South Korea 1.00 Nov/14 1.20 32.50 0.20 percent [+]
Spain -0.40 Nov/14 -0.10 28.43 -1.37 percent [+]
Switzerland -0.10 Nov/14 0.00 11.92 -1.37 percent [+]
Turkey 9.15 Nov/14 8.96 138.71 -4.01 percent [+]
United Kingdom 1.00 Nov/14 1.30 8.50 0.50 percent [+]
United States 1.30 Nov/14 1.70 23.70 -15.80 percent [+]