Inflation in South Africa

South Africa Inflation | Economic News & Forecasts

South Africa - Inflation

Inflation holds stable in April

Consumer prices increased 0.59% in April over the previous month, below the 0.99% rise recorded in March. April's result marked the weakest reading since January. Looking at the details of the release, the result was largely driven by easing price pressures for transportation. Moreover, prices for alcoholic beverages and tobacco increased at a more subdued pace.

Inflation came in at 5.9% in April, matching March’s result. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 5.4% in April (March: 5.2%). Finally, core inflation rose to 3.9% in April, from the previous month's 3.8%.

FocusEconomics Consensus Forecast panelists see inflation averaging 5.7% in 2022, which is up 0.4 percentage points from last month’s estimate, and 4.7% in 2023.

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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