The annual inflation rate in South Africa eased to 3.2 percent in November of 2020 from 3.3 percent in the prior month and matching market expectations. The inflation remains well below 4.6 percent in February, before the coronavirus crisis. Prices slowed for alcoholic beverages & tobacco (3.8 percent vs 4.5 percent in October) and health (4 percent vs 4.1 percent) while cost continued to decrease for transport (-1.3 percent vs -0.5 percent) and communication (-0.4 percent, the same pace as in October). Meantime, inflation remained steady for furnishings (at 1.9 percent); clothing & footwear (at 0.2 percent); recreation & culture (at 1.8 percent) and education (at 6.4 percent). On a monthly basis, consumer prices were flat, after increasing 0.3 percent in October and compared market consensus of a 0.1 percent increase. source: Statistics South Africa
Inflation Rate in South Africa averaged 8.85 percent from 1968 until 2020, reaching an all time high of 20.70 percent in January of 1986 and a record low of 0.20 percent in January of 2004. This page provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Inflation Rate in South Africa is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in South Africa to stand at 3.80 in 12 months time. In the long-term, the South Africa Inflation Rate is projected to trend around 4.20 percent in 2021 and 4.40 percent in 2022, according to our econometric models.