Inflation in South Africa

South Africa Inflation | Economic News & Forecasts

South Africa - Inflation

Inflation notches 18-month high in November

Consumer prices climbed 0.2% from the previous month in November, down from October’s 0.5% increase. A slower rise in fuel costs was behind the reading. To that effect, core consumer prices—which exclude food and energy prices—rose 0.2%, up from 0.1% in October.

Inflation edged up to 5.2% (October: 5.1%), landing both within the South African Reserve Bank (SARB)’s target band of 3.0%–6.0% and in line with analysts’ expectations. Core inflation rose to 4.4% from 4.2% in October, while annual average inflation was stable from October at 4.6%.

South Africa Inflation Forecast

The SARB sees inflation averaging 5.5% in 2019 and 5.4% in 2020. FocusEconomics Consensus Forecast panelists see inflation averaging 5.3% in 2019, which is down 0.1 percentage points from last month’s forecast. The panel also projects average inflation at 5.3% in 2020.

South Africa - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)5.8  6.1  4.6  6.3  5.3  

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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

Bond Yield8.810.29 %Jan 14
Exchange Rate13.78-0.21 %Jan 14
Stock Market0.7-0.44 %Jan 11

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