South Africa

South Africa Inflation August 2019

South Africa: Inflation picks up in August amid weaker rand

Consumer prices rose 0.3% over the previous month in August, a slightly smaller upturn compared to the 0.4% month-on-month increase in July. Prices for housing and utilities climbed at a markedly slower pace, while prices for food and non-alcoholic beverages, and transport returned to growth.

Conversely, inflation climbed to 4.3% in August from 4.0% in July, moving closer to the midpoint of the South African Reserve Bank’s (SARB) target band of 3.0%–6.0%. A notable depreciation in the rand over downbeat domestic growth prospects and wider emerging-market uncertainty stoked price pressures. Meanwhile, core inflation inched up to 4.3% from 4.2% in July. Lastly, annual average inflation remained at 4.5% in August.

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