Inflation in South Africa

South Africa Inflation | Economic News & Forecasts

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  

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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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