South Africa Inflation Rate  1968-2018 | Data | Chart | Calendar

The annual inflation rate in South Africa dropped to 4.9 percent in August 2018 from a 10-month high of 5.1 percent in July and against market expectations of 5.2 percent. The slowdown in inflation mainly reflected softening prices of transport. Inflation Rate in South Africa averaged 9.07 percent from 1968 until 2018, reaching an all time high of 20.70 percent in January of 1986 and a record low of 0.20 percent in January of 2004.

South Africa Inflation Rate
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South Africa Inflation Rate Unexpectedly Slows to 4.9%


The annual inflation rate in South Africa dropped to 4.9 percent in August 2018 from a 10-month high of 5.1 percent in July and against market expectations of 5.2 percent. The slowdown in inflation mainly reflected softening prices of transport.

Year-on-year, prices advanced at a slower pace for: transport (9.5 percent vs 10 percent in July), namely fuel (23.6 percent vs 25.3 percent); miscellaneous goods and services (5.6 percent vs 5.7 percent); alcoholic beverages & tobacco (4.6 percent vs 6.0 percent) and recreation & culture (0.3 percent vs 0.4 percent). On the other hand, inflation quickened for housing & utilities (5.3 percent vs 5.2 percent), of which water (11.2 percent vs 11.0 percent) and electricity (7.8 percent vs 7.7 percent); food & non-alcoholic beverages (3.5 percent vs 3.4 percent), mostly vegetables (8.9 percent vs 8.8 percent); household contents and services (2.9 percent vs 2.8 percent) and clothing & footwear (1.9 percent vs 1.8 percent).

Annual core inflation rate, which excludes cost of food, non-alcoholic beverages, petrol and energy, eased to 4.2 percent in August from 4.3 percent in July, slighlty below market consensus of 4.3 percent. Compared to July, core consumer prices were flat, following a 0.6 percent rise in the previous month.

On a monthly basis, consumer prices decreased 0.1 percent, after increasing 0.8 percent in July and compared with market expectations of a 0.15 percent gain.


Statistics South Africa | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/19/2018 9:36:06 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-18 08:00 AM Inflation Rate YoY 4.6% 4.4% 4.8% 5.0%
2018-08-22 08:00 AM Inflation Rate YoY 5.1% 4.6% 5% 4.7%
2018-09-19 08:00 AM Inflation Rate YoY 4.9% 5.1% 5.2% 5.2%
2018-10-24 08:00 AM Inflation Rate YoY 4.9% 5.2% 5.1%
2018-11-21 08:00 AM Inflation Rate YoY 5.3%
2018-12-12 08:00 AM Inflation Rate YoY 5.0%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 4.90 5.10 20.70 0.20 percent [+]
Inflation Rate Mom -0.10 0.80 6.70 -0.70 percent [+]
Consumer Price Index CPI 108.40 108.50 108.50 1.20 Index Points [+]
Core Consumer Prices 107.70 107.70 107.70 63.30 Index Points [+]
Core Inflation Rate 4.20 4.30 8.30 2.90 percent [+]
Producer Prices 109.20 108.50 219.40 4.10 Index Points [+]
Producer Prices Change 6.30 6.10 8.80 2.61 percent [+]
Export Prices 151.10 149.00 155.50 0.60 Index Points [+]
Import Prices 141.70 141.40 143.60 1.20 Index Points [+]
Food Inflation 3.50 3.40 15.60 0.60 percent [+]
Inflation Expectations 5.59 5.42 8.72 3.90 Percent [+]
CPI Housing Utilities 108.50 108.40 108.50 56.80 Index Points [+]
CPI Transportation 111.40 111.30 116.90 81.70 Index Points [+]


South Africa Inflation Rate

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) and Food and Non-Alcoholic Beverages (15.4 percent). 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). Restaurants and Hotels, Education, Communication and Health account for the remaining 10 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. South Africa Inflation Rate - actual data, historical chart and calendar of releases - was last updated on October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.90 5.10 20.70 0.20 1968 - 2018 percent Monthly




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.53 Sep/18
Canada 2.80 Aug/18
China 2.50 Sep/18
Euro Area 2.10 Sep/18
France 2.20 Sep/18
Germany 2.30 Sep/18
India 3.77 Sep/18
Indonesia 2.88 Sep/18
Italy 1.50 Sep/18
Japan 1.30 Aug/18
Mexico 5.02 Sep/18
Netherlands 1.90 Sep/18
Russia 3.40 Sep/18
Saudi Arabia 2.20 Aug/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.90 Sep/18
Spain 2.30 Sep/18
Switzerland 1.00 Sep/18
Turkey 24.52 Sep/18
United Kingdom 2.70 Aug/18
United States 2.30 Sep/18


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