Inflation in South Africa
South Africa - Inflation
Inflation edges down to seven-month low in September
Consumer prices climbed 0.3% over the previous month in September, matching the month-on-month upturn in August. Higher costs for housing and utilities were the main drivers of the overall increase. Meanwhile, prices for food and non-alcoholic beverages, and transport—which also carry significant weight in the index—rose at a slightly softer pace,
Inflation edged down to 4.1% in September from 4.3% in August, further below the midpoint of the South African Reserve Bank’s (SARB) target band of 3.0%–6.0%. September’s print was the lowest in seven months. Meanwhile, core inflation fell to 4.0% in September from 4.3% in August. Lastly, annual average inflation inched down to 4.4% from 4.5% in the previous month.
The SARB sees inflation averaging 5.1% in 2020 and 4.7% in 2021. FocusEconomics Consensus Forecast panelists see inflation averaging 4.9% in 2020, which is down 0.1 percentage points from last month’s estimate, and also 4.9% in 2021.
South Africa - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 5.8 | 6.1 | 4.6 | 6.3 | 5.3 |
South Africa Inflation Chart
Source: Statistics South Africa.
South Africa Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 8.10 | 0.29 % | Sep 04 |
| Exchange Rate | 14.81 | -0.21 % | Sep 04 |
| Stock Market | 0.1 | -0.44 % | Sep 04 |
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South Africa: Inflation edges down to seven-month low in September
October 23, 2019
Consumer prices climbed 0.3% over the previous month in September, matching the month-on-month upturn in August.
South Africa: Manufacturing production contracts at sharper rate in August
October 10, 2019
Conditions in the manufacturing sector deteriorated in August.
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