Inflation in South Africa
South Africa - Inflation
Inflation ticks up in January
Consumer prices rose 0.34% in January over the previous month, picking up from the 0.17% increase recorded in December and marking the sharpest increase in prices since July 2020. Looking at the details of the release, transportation prices rose at a quicker pace in January compared to the previous month, while prices pressures for food and non-alcoholic beverages also picked up pace. In addition, prices for alcoholic beverages and tobacco also gained steam.
Inflation came in at 3.2% in January, which was up from December’s 3.1%. Annual average inflation ticked down to 3.2% in January (December: 3.3%). Lastly, core inflation was unchanged, coming in at December's 3.3% in January.
FocusEconomics Consensus Forecast panelists see inflation averaging 3.9% in 2021, which is down 0.1 percentage points from last month’s estimate, and 4.3% 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 activity declines in January
March 11, 2021
Manufacturing output declined 3.4% compared to the same month a year earlier in January, which contrasted December's 1.9% increase.
-
South Africa: Growth slows markedly in Q4, but beats market expectations
March 9, 2021
Economic growth softened markedly in the final quarter of 2020, with GDP expanding 6.3% in seasonally-adjusted annualized terms (SAAR), which was down from Q3’s record bounce-back of 67.3%.
-
South Africa: Private sector activity eases in February
March 3, 2021
The South Africa IHS Markit Purchasing Managers’ Index (PMI) dropped to 50.2 in February from 50.8 in January.
-
South Africa: Government presents improved consolidation path, yet still relies on public wage cuts
February 24, 2021
On 24 February, the government presented the budget for FY 2021–2022—which begins on 1 April—to Parliament, sticking to its commitment to fiscal consolidation and debt stabilization.
-
South Africa: Inflation ticks up in January
February 17, 2021
Consumer prices rose 0.34% in January over the previous month, picking up from the 0.17% increase recorded in December and marking the sharpest increase in prices since July 2020.
© Copyright: 2021. | South Africa Inflation | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
