South Africa Inflation June 2020

South Africa

South Africa: Inflation rises in June

July 29, 2020

Consumer prices increased 0.52% in June over the previous month, swinging from the 0.61% drop seen in May. June's result was the sharpest increase in prices since February. The figure was largely due to rising prices for housing and utilities. In addition, price pressures for transportation as well as for alcoholic beverages and tobacco rebounded.

Inflation inched up to 2.2% in June, from May’s 2.1%. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 3.7% in June (May: 3.9%). Lastly, core inflation edged down to 3.0% from May’s 3.1%.

FocusEconomics Consensus Forecast panelists see inflation averaging 3.4% in 2020, which is down 0.2 percentage points from last month’s estimate, and 4.1% in 2021.

Author:, Economist

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South Africa Inflation Chart

South Africa Inflation June 20 20 0

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

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