Inflation in South Africa

South Africa Inflation | Economic News & Forecasts

South Africa - Inflation

Inflation edges up in October

Consumer prices grew 0.5% from the previous month in October, matching September’s reading. Higher costs in the transport component drove the result amid higher oil prices. To that effect, core consumer prices—which exclude food and energy prices—rose 0.1%, down from September’s 0.5%.

Inflation climbed to 5.1% in October (September: 4.9%), landing within the South African Reserve Bank (SARB)’s target band of 3.0%–6.0% but slightly below market analysts’ expectations. Core inflation and annual average inflation, meanwhile, were stable from September’s readings, at 4.2% and 4.6% respectively.

The SARB sees inflation averaging 5.7% in 2019 and 5.4% in 2020. Met the why particular Consensus Forecast panelists see inflation averaging 5.4% in 2019, which is unchanged from last month’s forecast. The panel projects inflation to end 2020 at 5.2%.

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

ValueChangeDate
Bond Yield9.170.29 %Dec 11
Exchange Rate14.42-0.21 %Dec 11
Stock Market0.7-0.44 %Nov 27

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