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.

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.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in South Africa was 2.16 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 2.14 percent. Compared to a year ago, we see a decrease from...

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.

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.

The average inflation rate in Southern Africa was projected at seven percent in 2022. This represented a decrease in comparison to the previous years. In 2020, the rate reached a peak at 12 percent.

Core Inflation Rate MoM in South Africa decreased to 0 percent in May from 0.10 percent in April of 2025. This dataset includes a chart with historical data for South Africa Core Inflation Rate MoM.

Inflation rates experienced by different groups of consumers within a country vary. This is because the prices of goods and services and the expenditure patterns of consumers differ. The published inflation rate is used for important decisions regarding the preservation of consumer purchasing power. These include the adjustment of social grants and minimum wages by government and the benchmarking of returns by investors when making investment decisions. It is thus vital that inflation is measured accurately to ensure the purchasing power of consumers is preserved. Current measures of inflation published by Stats SA are applicable to typical consumers and are not relevant to each individual. This resource supplements a study that seeks to provide a publicly available model that can be used by consumers to calculate their personal rate of inflation.

United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data is updated weekly, averaging 0.000 % from Apr 2019 (Median) to 12 May 2025, with 320 observations. The data reached an all-time high of 4.726 % in 20 Jul 2020 and a record low of 0.000 % in 12 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Personal Consumption Expenditure (PCE) Inflation: Core.

South Africa: Inflation forecast: The latest value from 2030 is 4.5 percent, unchanged from 4.5 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for South Africa from 1981 to 2030 is 7.73 percent. The minimum value, 0.3 percent, was reached in 2003 while the maximum of 19.23 percent was recorded in 1985.

The Consumer Price Index in South Africa increased 0.20 percent in May of 2025 over the previous month. This dataset provides - South Africa Inflation Rate Mom - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation across Sub-Saharan Africa has regularly fluctuated since the year 2000. In 2030, it is estimated that inflation had reached 18.33 percent, marking the largest annual change since the 2008 recession; however it is estimated that inflation will fall steadily in the coming years.

United States Retail Sales Nowcast: sa: YoY: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data was reported at 0.175 % in 12 May 2025. This stayed constant from the previous number of 0.175 % for 05 May 2025. United States Retail Sales Nowcast: sa: YoY: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data is updated weekly, averaging 0.000 % from Feb 2020 (Median) to 12 May 2025, with 274 observations. The data reached an all-time high of 8.704 % in 11 Mar 2024 and a record low of 0.000 % in 28 Apr 2025. United States Retail Sales Nowcast: sa: YoY: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Retail Sales.

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.

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.

Graph and download economic data for Real market-based PCE excluding food and energy (DISCONTINUED) (DPCXRL1M225NBEA) from Feb 1987 to Jun 2015 about market-based, core, PCE, consumption expenditures, consumption, personal, real, inflation, rate, and USA.

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.

United States Retail Sales Nowcast: sa: YoY: Contribution: Breakeven Inflation Rate data was reported at 0.854 % in 12 May 2025. This stayed constant from the previous number of 0.854 % for 05 May 2025. United States Retail Sales Nowcast: sa: YoY: Contribution: Breakeven Inflation Rate data is updated weekly, averaging 0.029 % from Feb 2020 (Median) to 12 May 2025, with 274 observations. The data reached an all-time high of 8.733 % in 11 Mar 2024 and a record low of 0.000 % in 07 Apr 2025. United States Retail Sales Nowcast: sa: YoY: Contribution: Breakeven Inflation Rate data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Retail Sales.

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for South Africa (CPGRLE01ZAQ657N) from Q2 2002 to Q3 2023 about South Africa, core, all items, CPI, inflation, price index, indexes, and price.