Inflation in South Africa

South Africa Inflation (eop) | Economic News & Forecasts

South Africa - Inflation (end of period)

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 (eop) Data

2014   2015   2016   2017   2018  
Inflation Rate (CPI, annual variation in %, eop)5.3  5.3  6.7  4.7  4.5  

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South Africa Inflation (eop) 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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