Inflation in South Africa

South Africa Inflation | Economic News & Forecasts

South Africa - Inflation

Inflation drops in June

Consumer prices increased 0.20% over the previous month in June, accelerating from May's 0.08% increase. Looking at the details of the release, transportation prices rose in June after dropping in the previous month, while price pressures for housing and utilities intensified.

Inflation fell to 4.9% in June, from May’s 5.2%. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 3.5% in June (May: 3.3%). Lastly, core inflation ticked up to 3.2% in June, from the previous month's 3.1%.

FocusEconomics Consensus Forecast panelists see inflation averaging 4.3% in 2021, which is up 0.2 percentage points from last month’s estimate, and 4.4% in 2022.

South Africa - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)4.6  6.3  5.3  4.6  4.1  

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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

Value Change Date
Bond Yield8.260.29 %Dec 31
Exchange Rate13.98-0.21 %Dec 31
Stock Market0.1-0.44 %Jan 06

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