South Africa

South Africa Inflation May 2020

South Africa: Inflation drops to lowest level over 15 years in May

Consumer prices fell 0.61% in May over the previous month, coming in below the 0.52% drop recorded in April. May’s result marked the sharpest fall in prices since December 2008. Looking at the details of the release, transportation prices fell at a quicker pace in May compared to the previous month, while prices for alcoholic beverages and tobacco dropped. Moreover, price pressures for food and non-alcoholic beverages eased.

Inflation came in at 2.1% in May, below April’s 3.0% print. May’s reading represented the weakest inflation rate since September 2004. Annual average inflation fell to 3.9% in May (April: 4.1%). Lastly, core inflation edged down to 3.1% from the previous month’s 3.2%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest