Inflation in South Africa
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
|Inflation Rate (CPI, annual variation in %)||5.8||6.1||4.6||6.3||5.3|
5 years of economic forecasts for more than 30 economic indicators.
South Africa Inflation Chart
Source: Statistics South Africa.
South Africa Facts
|Bond Yield||9.09||0.29 %||Sep 20|
|Exchange Rate||14.43||-0.21 %||Sep 20|
|Stock Market||0.7||-0.44 %||Sep 17|
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September 11, 2018
A preliminary estimate showed that the manufacturing sector picked up steam in July.
September 5, 2018
In August, the Standard Bank Purchasing Managers’ Index (PMI) plummeted 2.1 points to 47.2 points, retreating further from the 50.0-point threshold that distinguishes deterioration from improvement in the South African business environment.
September 4, 2018
South Africa’s economy entered recession in the second quarter, contracting in seasonally-adjusted annualized (SAAR) terms for a second consecutive quarter.
August 22, 2018
Consumer prices rose 0.8% from a month earlier in July, twice as fast as June’s 0.4% month-on-month increase.
August 17, 2018
Amid the ongoing crisis in Turkey, the selloff in emerging markets (EM) continued into August as contagion from the freefall of the lira spread to other EM currencies.