Inflation in South Africa

South Africa Inflation | Economic News & Forecasts

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  

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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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