Inflation in South Africa

South Africa Inflation | Economic News & Forecasts

South Africa - Inflation

Inflation hits 11-month high in July

Consumer prices rose 0.8% from a month earlier in July, twice as fast as June’s 0.4% month-on-month increase. July’s reading was driven largely by rising household and utility costs, while higher fuel costs contributed marginally. As such, core consumer prices—which exclude food and energy prices—rose 0.6% from a month earlier.

Inflation climbed to 5.1% from 4.6% in June, matching analysts’ expectations as higher fuel costs and the weak rand hit consumers. Meanwhile, core inflation ticked up to 4.3% from 4.2% in June. For its part, annual average inflation edged higher to 4.6% from 4.5%.

Met the why particular Consensus Forecast panelists see inflation averaging 5.1% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees inflation averaging 5.3%.

South Africa - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)5.8  6.1  4.6  6.3  5.3  

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South Africa Inflation Chart

South Africa Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics South Africa.

South Africa Facts

Bond Yield9.090.29 %Sep 20
Exchange Rate14.43-0.21 %Sep 20
Stock Market0.7-0.44 %Sep 17

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