Inflation in South Africa

South Africa Inflation | Economic News & Forecasts

South Africa - Inflation

Inflation moderates in March

Consumer prices rose 0.3% in March, slowing from February’s 1.0% increase. According to the Statistical Institute, the moderation reflected lower prices for transport and easing food costs.

Inflation fell to 4.1% from February’s 4.6%, thus moving below the midpoint of the Central Bank’s 3.0%–6.0% target band. Meanwhile, core inflation inched down to 3.7% (February: 3.8%), while annual average inflation logged 4.2%, matching February’s result.

The SARB sees inflation averaging 4.7% in 2020 and 4.6% in 2021. FocusEconomics Consensus Forecast panelists see inflation averaging 4.2% in 2020, which is unchanged from last month’s estimate, and 4.7% in 2021.

South Africa - Inflation Data

2014   2015   2016   2017   2018  
Inflation Rate (CPI, annual variation in %)6.1  4.6  6.3  5.3  4.6  

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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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