Inflation in South Africa

South Africa Inflation | Economic News & Forecasts

South Africa - Inflation

Inflation increases to over 13-year high in June

Consumer prices rose 1.07% from the previous month in June, accelerating from May's 0.68% increase. June's result marked the highest reading since July 2021. The result was driven by rising prices for housing and utilities and transportation.

Inflation increased to 7.4% in June, following May’s 6.5%. June's reading was the highest inflation rate since May 2009. Consequently, the trend pointed up mildly, with annual average inflation coming in at 5.7% in June (May: 5.5%). Lastly, core inflation rose to 4.4% in June, from May’s 4.1%.

FocusEconomics Consensus Forecast panelists see inflation averaging 6.4% in 2022, which is up 0.4 percentage points from last month’s estimate, and 5.0% in 2023.

South Africa - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)4.6  6.3  5.3  4.6  4.1  

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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

Value Change Date
Bond Yield8.260.29 %Dec 31
Exchange Rate13.98-0.21 %Dec 31
Stock Market0.1-0.44 %Jan 06

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