Inflation in South Africa
South Africa - Inflation
Inflation slides in November
Consumer prices were flat in November over the previous month, following October's 0.26% increase. November's reading marked the weakest result since May. Looking at the details of the release, transportation prices fell at a quicker pace compared to the previous month, while prices pressures for food and non-alcoholic beverages eased. In addition, prices for alcoholic beverages and tobacco dropped.
Inflation edged down to 3.2% in November, from October’s 3.3%. Meanwhile, the trend was unchanged with annual average inflation coming in at October's 3.4% in November. Lastly, core inflation ticked down to 3.3% from October’s 3.4%.
FocusEconomics Consensus Forecast panelists see inflation averaging 4.0% in 2021, which is unchanged 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 |
South Africa Inflation Chart
Source: Statistics South Africa.
South Africa Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 8.26 | 0.29 % | Dec 31 |
| Exchange Rate | 13.98 | -0.21 % | Dec 31 |
| Stock Market | 0.1 | -0.44 % | Jan 06 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
South Africa: Manufacturing production drops again in October
December 10, 2020
Manufacturing output dropped 3.4% year-on-year in October (September: -1.9% yoy).
-
South Africa: Inflation slides in November
December 9, 2020
Consumer prices were flat in November over the previous month, following October's 0.26% increase.
-
South Africa: Economy rebounds robustly in Q3 amid easing of lockdown restrictions
December 8, 2020
The economy rebounded strongly in the third quarter, growing at the quickest rate since current records began in the early 1990s, as the easing of coronavirus lockdown measures enabled the gradual firming of activity.
-
South Africa: PMI edges down in November amid weaker demand dynamics
December 3, 2020
The South Africa IHS Markit Purchasing Managers’ Index (PMI) inched down to 50.3 in November from October’s 51.0, which had marked the best reading in over two-and-a-half years.
-
South Africa: Inflation hits seven-month high in October
November 25, 2020
Consumer prices increased 0.26% in October over the previous month, picking up from September's 0.17% increase.
© Copyright: 2021. | South Africa Inflation | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
