South Africa's core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, was at 3.3% year-on-year in January of 2021, the same as in December. On a monthly basis, core inflation fell to 0.1% from 0.2% in December. source: Statistics South Africa

Core Inflation Rate in South Africa averaged 4.82 percent from 2009 until 2021, reaching an all time high of 8.30 percent in May of 2009 and a record low of 2.90 percent in January of 2011. This page provides the latest reported value for - South Africa Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Core Inflation Rate in South Africa is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in South Africa to stand at 3.70 in 12 months time. In the long-term, the South Africa Core Inflation Rate is projected to trend around 4.00 percent in 2022 and 4.30 percent in 2023, according to our econometric models.

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South Africa Core Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.30 8.30 2.90 2009 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-25 08:00 AM Oct 3.4% 3.3% 3.3% 3.2%
2020-12-09 08:00 AM Nov 3.3% 3.4% 3.4% 3.5%
2021-01-20 08:00 AM Dec 3.3% 3.3% 3.3% 3.2%
2021-02-17 08:00 AM Jan 3.3% 3.3% 3.3% 3.4%
2021-03-24 08:00 AM Feb 3.3%
2021-04-21 08:00 AM Mar
2021-05-19 08:00 AM Apr
2021-06-23 08:00 AM May

South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 3.20 3.10 20.70 0.20 percent [+]
Inflation Rate Mom 0.30 0.20 6.70 -0.70 percent [+]
Consumer Price Index CPI 117.70 117.30 117.70 1.20 points [+]
Core Consumer Prices 116.70 116.60 116.70 63.30 points [+]
Core Inflation Rate 3.30 3.30 8.30 2.90 percent [+]
Producer Prices 117.90 117.70 219.40 4.10 points [+]
Producer Prices Change 3.00 3.00 8.80 0.40 percent [+]
Export Prices 190.90 182.40 190.90 0.60 points [+]
Import Prices 161.20 153.30 161.20 1.20 points [+]
Food Inflation 5.40 6.00 15.60 0.60 percent [+]
Inflation Expectations 4.17 4.22 8.72 3.90 Percent [+]
CPI Housing Utilities 118.20 118.20 118.20 56.80 points [+]
CPI Transportation 115.60 114.60 116.90 81.70 points [+]


South Africa Core Inflation Rate
In South Africa, core consumer prices measure a broad rise or fall in prices that consumers pay for a standard basket of goods, excluding volatile items such as food and non-alcoholic beverages, fuel and energy.