Inflation in South Africa
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
|Inflation Rate (CPI, annual variation in %)||4.6||6.3||5.3||4.6||4.1|
5 years of economic forecasts for more than 30 economic indicators.
South Africa Inflation Chart
Source: Statistics South Africa.
South Africa Facts
|Bond Yield||8.26||0.29 %||Dec 31|
|Exchange Rate||13.98||-0.21 %||Dec 31|
|Stock Market||0.1||-0.44 %||Jan 06|
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July 20, 2022
Consumer prices rose 1.07% from the previous month in June, accelerating from May's 0.68% increase.
July 12, 2022
Manufacturing output dropped 0.2% in month-on-month seasonally-adjusted terms in May, which was an improvement from April's 5.7% decrease.
July 5, 2022
The S&P Global Purchasing Managers’ Index (PMI) increased to a 13-month high of 52.5 in June, up from the prior month’s 50.7.
June 22, 2022
Consumer prices rose 0.68% over the previous month in May, picking up from April's 0.59% rise.
June 9, 2022
Manufacturing output collapsed 5.4% month-on-month in seasonally-adjusted terms in April (March: +0.3% mom).