Inflation in South Africa
South Africa - Inflation
Inflation accelerates to over 13-year high in July
Consumer prices increased 1.54% in July over the previous month, picking up from June's 1.07% increase. July's uptick was the highest reading since January 2008. The result was largely driven by increasing prices for housing and utilities. In addition, price pressures for transportation increased at a faster rate.
Inflation came in at 7.8% in July, up from June’s 7.4%. July's result was the highest inflation rate since April 2009. Consequently, the trend pointed up slightly, with annual average inflation coming in at 5.9% in July (June: 5.7%). Lastly, core inflation ticked up to 4.6% in July, from June’s 4.4%.
FocusEconomics Consensus Forecast panelists see inflation averaging 6.6% in 2022, which is up 0.2 percentage points from last month’s estimate, and 5.1% in 2023.
South Africa - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.6||6.3||5.3||4.6||4.1|
5 years of economic forecasts for more than 30 economic indicators.
South Africa Inflation Chart
Source: Statistics South Africa.
South Africa Facts
|Bond Yield||8.26||0.29 %||Dec 31|
|Exchange Rate||13.98||-0.21 %||Dec 31|
|Stock Market||0.1||-0.44 %||Jan 06|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
August 24, 2022
Consumer prices increased 1.54% in July over the previous month, picking up from June's 1.07% increase.
August 11, 2022
Manufacturing output slid 1.5% in month-on-month seasonally-adjusted terms in June, which contrasted May's 0.2% increase.
August 3, 2022
The S&P Global Purchasing Managers’ Index (PMI) increased to a 14-month high of 52.7 in July, up from the prior month’s 52.5.
July 20, 2022
Consumer prices rose 1.07% from the previous month in June, accelerating from May's 0.68% increase.
July 12, 2022
Manufacturing output dropped 0.2% in month-on-month seasonally-adjusted terms in May, which was an improvement from April's 5.7% decrease.