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Inflation Rate in South Africa remained unchanged at 2.80 percent in May. This dataset provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
South Africa’s inflation has been quite stable for the past years, levelling off between 3.2 and 6.9 percent, and is in fact expected to stabilize at around 4.5 percent in the future. South Africa is a mixed economy, generating most of its GDP through the services sector, especially tourism. However, the country struggles with unemployment and poverty.
Inflation who?
The inflation rate of a country is an important key factor to determine the country’s economic strength. It is calculated using the price increase of a defined product basket, containing goods and services on which the average consumer spends money throughout the year. They include, for example, expenses for groceries, clothes, rent, utilities, but also recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. Some of these goods are more volatile than others – food prices, for example, are considered less reliable. The European Central Bank aims to keep inflation at around two percent in the long run.
What happened in 2016?
In 2016, South Africa’s inflation rate peaked at over 6.3 percent, and gross domestic product, and thus economic growth , took a hit, a sure indicator that something was affecting the country’s economic scaffolding: Low growth due to weak demand and an uncertain political future caused a crisis; then-President Jacob Zuma’s alleged mismanagement and unstable reign steeped in controversy and criminal charges even caused the economy’s outlook to be downgraded by ratings agencies. Zuma was relieved of his office in 2018 – ever since, inflation, GDP, and economic growth seem to have stabilized.
In 2024, Zambia had the highest estimated inflation (Consumer Price Index) recorded in Southern Africa, at 15 percent. Lesotho and Zimbabwe followed with 6.4 and six percent, respectively.
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Cost of food in South Africa increased 4.80 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - South Africa Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Key information about South Africa Core CPI Change
As of June 2020, the projected inflation rate in South Africa for the same year was revised to *** percent, after the fallout of the coronavirus outbreak. The projection was done under the assumption of a worst-case scenario, where the pandemic persists to the end of 2020. Before the occurrence of COVID-19, the inflation rate was expected at *** percent.
On the other hand, the inflation rate for 2021 was reviewed to *** percent, in a worst-case scenario, whereas the previous outlook (before the pandemic) was at five percent.
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Core consumer prices in South Africa increased 3 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - South Africa Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Inflation rate (GDP deflator) of South Africa slipped by 3.77% from 5.0 % in 2022 to 4.8 % in 2023. Since the 21.28% surge in 2021, inflation rate (GDP deflator) sank by 26.53% in 2023. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
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Key information about South Africa Consumer Price Index CPI growth
As of July 2024, the Consumer Price Index (CPI) in South Africa, an economic indicator providing information on the change of prices over time, was measured at 123.5 points regarding food products. This is symbolizing an increase of five points from the previous year.
As of October 2024, the Consumer Price Index (CPI) headline rate in South Africa, an economic indicator providing information on the overall change in the price of goods and services purchased by households over time, was measured at 2.8 points. This showed a decrease of one point from the previous month. Since January 2020, the CPI headline rate has fluctuated, however, a decreasing trend can be observed from February 2024.
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Inflation Expectations in South Africa decreased to 4.30 percent in the second quarter of 2025 from 4.60 percent in the first quarter of 2025. This dataset provides - South Africa Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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This horizontal bar chart displays inflation (annual %) by country using the aggregation median in South Africa. The data is filtered where the date is 2021. The data is about countries per year.
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Gjeldende verdier, historiske data, prognoser, statistikk, diagrammer og økonomiske kalender - Sør-Afrika - Inflasjon. 1968-2022 Data | 2023-2024 Forventning.
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Consumer Price Index (CPI) in South Africa, May, 2025 The most recent value is 102.1 index points as of May 2025, an increase compared to the previous value of 101.9 index points. Historically, the average for South Africa from January 2007 to May 2025 is 92.5624 index points. The minimum of 54.9 index points was recorded in January 2007, while the maximum of 124.2 index points was reached in December 2021. | TheGlobalEconomy.com
As of April 2022, the food inflation rate in South Africa stood at six percent compared to the same month last year. Food prices have been following a fluctuating increasing trend. For instance, food inflation was at 2.9 percent in January 2019, whereas by April 2022 it amounted to six percent.
Zimbabwe had the highest inflation in Africa as of 2023. The rate reached roughly 172 percent when compared to the previous year, according to the source's estimates. This was followed by Sudan, with a rate increase of over 71 percent. Inflationary pressures in the country have been driven by a long-running economic crisis and political instability. By the end of 2021, the already fragile Sudanese economy suffered again when military forces took control of the government. With a
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This scatter chart displays inflation (annual %) against health expenditure (% of GDP) in South Africa. The data is filtered where the date is 2021. The data is about countries per year.
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This bar chart displays inflation (annual %) by capital city using the aggregation median in South Africa. The data is filtered where the date is 2021. The data is about countries per year.
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This scatter chart displays female population (people) against inflation (annual %) in South Africa. The data is filtered where the date is 2021. The data is about countries per year.
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Inflation Rate in South Africa remained unchanged at 2.80 percent in May. This dataset provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.