Inflation in South Africa

South Africa Inflation | Economic News & Forecasts

South Africa - Inflation

Inflation remains steady in October

Consumer prices increased 0.24% in October over the previous month, below the 0.25% increase logged in September. October's result marked the softest rise in prices since June. Looking at the details of the release, prices for housing and utilities rose at a marginally slower pace in October, and price pressures for transport were stable.

Inflation came in at 5.0% in October, matching September’s reading. The trend improved, with annual average inflation edging up to 4.1% in October (September: 4.0%). Lastly, core inflation was stable, coming in at September's 3.2% in October.

FocusEconomics Consensus Forecast panelists see inflation averaging 4.5% in 2022, which is up 0.1 percentage points from last month’s estimate, and 4.3% 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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