Inflation in South Africa
South Africa - Inflation
Inflation rises in August
Consumer prices increased 0.41% in August over the previous month, coming in below July's 1.08% increase. August’s slowdown was largely driven by softer growth in prices for housing and utilities.
Inflation came in at 4.9% in August, up from July’s 4.6%. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 3.8% in August (July: 3.7%). Lastly, core inflation ticked up to 3.1% in August, from July’s 3.0%.
FocusEconomics Consensus Forecast panelists see inflation averaging 4.3% in 2021, which is up 0.2 percentage points from last month’s estimate, and Error! Not a valid link.% 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 |
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Economic News
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South Africa: Manufacturing production rebounds in August
October 12, 2021
Manufacturing output expanded 1.8% in year-on-year terms in August, which contrasted July's 4.8% decrease.
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South Africa: PMI increases in September and conditions improve for first time in three months
October 5, 2021
The IHS Markit Purchasing Managers’ Index (PMI) broke through the neutral 50-threshold for the first time in three months, rising to 50.7 in September from August’s 49.9, which signaled an improvement in business operating conditions compared to the month prior.
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South Africa: SARB keeps rate unchanged in September meeting
September 23, 2021
At its 23 September meeting, the Monetary Policy Committee of the South African Reserve Bank (SARB) unanimously voted to leave the repurchase rate unchanged at its record low of 3.50%--where it has been since July last year.
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South Africa: Inflation rises in August
September 22, 2021
Consumer prices increased 0.41% in August over the previous month, coming in below July's 1.08% increase.
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South Africa: Manufacturing activity records largest decline in six months in July
September 9, 2021
Manufacturing output slid 4.1% in year-on-year terms in July, which markedly contrasted June's 11.9% increase.
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