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
|Inflation Rate (CPI, annual variation in %)||4.6||6.3||5.3||4.6||4.1|
5 years of economic forecasts for more than 30 economic indicators.
South Africa Inflation Chart
Source: Statistics South Africa.
South Africa Facts
|Bond Yield||8.26||0.29 %||Dec 31|
|Exchange Rate||13.98||-0.21 %||Dec 31|
|Stock Market||0.1||-0.44 %||Jan 06|
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December 10, 2020
Manufacturing output dropped 3.4% year-on-year in October (September: -1.9% yoy).
December 9, 2020
Consumer prices were flat in November over the previous month, following October's 0.26% increase.
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.
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.
November 25, 2020
Consumer prices increased 0.26% in October over the previous month, picking up from September's 0.17% increase.