South Africa Inflation September 2021

South Africa

South Africa: Inflation increases in September

October 20, 2021

Consumer prices increased 0.25% from the previous month in September, slowing down from August's 0.41% rise. September's result marked the weakest reading since June. Looking at the details of the release, the slowdown was largely due to prices for transport increasing at a more moderate pace in September.

Inflation increased to a four-month high of 5.0% in September, above August’s 4.9%. Consequently, the trend edged up, with annual average inflation coming in at 4.0% in September (August: 3.8%). Finally, core inflation ticked up to 3.2% in September, from August’s 3.1%.

FocusEconomics Consensus Forecast panelists see inflation averaging 4.4% in 2022, which is unchanged from last month’s estimate, and 4.4% in 2023.


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South Africa Inflation Chart


South Africa Inflation September 2021

Note: Annual and monthly variation of consumer prices index in %.
Source: Statistics South Africa (Stats SA) and FocusEconomics calculations


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