Inflation Rate in South Africa remained unchanged at 3.20 percent in February. 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.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in South Africa was 2.46 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 2.53 percent. Compared to a year ago, we see a decrease from...

Inflation Expectations in South Africa decreased to 4.30 percent in the first quarter of 2025 from 4.50 percent in the fourth quarter of 2024. This dataset provides - South Africa Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

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.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Inflation across Sub-Saharan Africa has regularly fluctuated since the year 2000. In 2023, it is estimated that inflation had reached 17.58 percent, marking the largest annual change since the 2008 recession; however it is estimated that inflation will fall steadily in the coming years.

Key information about South Africa Core CPI Change

• South Africa Core CPI Change was reported at 3.512 % in Jan 2025.
• This records a decrease from the previous number of 3.520 % for Dec 2024.
• South Africa Core CPI Change data is updated monthly, averaging 4.552 % from Jan 2009 to Jan 2025, with 193 observations.
• The data reached an all-time high of 8.457 % in May 2009 and a record low of 2.497 % in Mar 2021.
• South Africa Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly.

CEIC calculates Core Consumer Price Index Growth from monthly Core Consumer Price Index. Statistics South Africa provides Core Consumer Price Index Growth with base December 2024=100. Core Consumer Price Index covers Urban areas only as it is the official index used for inflation calculation in South Africa. Core Consumer Price Index excludes Food, Non Alcoholic Beverages, Petrol and Energy.

Core Inflation Rate MoM in South Africa increased to 0.20 percent in January from 0 percent in December of 2024. This dataset includes a chart with historical data for South Africa Core Inflation Rate MoM.

Core consumer prices in South Africa increased 3.40 percent in February 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 Consumer Price Index in South Africa increased 0.90 percent in February 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.

The average inflation rate in Lesotho was forecast to continuously decrease between 2024 and 2029 by in total 1.7 percentage points. According to this forecast, in 2029, the inflation will have decreased for the fifth consecutive year to five percent. The International Monetary Fund describes this indicator as a measure of inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Eswatini, South Africa, and Botswana.

Consumer Price Index CPI in South Africa increased to 101.20 points in February from 100.30 points in January of 2025. This dataset provides the latest reported value for - South Africa Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The inflation rate in Namibia decreased by about one percentage point from 4.29 percent in 2018 to 3.72 percent in 2019. It is projected to remain around 4.5 percent through 2029, significantly lower than the 2002 peak of 12.72 percent. Namibia’s historical context Prior to 1990, Namibia was under apartheid South Africa control, and before World War I, the country was a German colony and even suffered a genocide. Given this turbulent oppression, it is expected that social and economic residual ramifications would follow. Namibia’s inflation rate went through a volatile period during the 1990’s and early 2000’s where it reached around twelve percent several times. Over the past decade, Namibia’s inflation rate has largely declined. Namibia’s successful growth Similarly, Namibia’s gross domestic product (GDP) remained under five billion U.S. dollars through the 1990’s. Since then, the country’s GDP has grown to about 14 billion U.S. dollars as of 2019 and will continue to grow through the upcoming years. Namibia’s increasing economic success is in part linked to developing its services industry. Today, the services sector is responsible for employing about 60 percent of the country’s working population. A well-developed services industry is usually a sign of a similarly well-developed economy. The services sector includes the growing tourist industry with an expanding focus on ecotourism, centered around the country’s endangered wildlife.

The average inflation rate in Botswana was forecast to continuously increase between 2024 and 2029 by in total 0.7 percentage points. The inflation is estimated to amount to 4.5 percent in 2029. The International Monetary Fund describes this indicator as a measure of inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Eswatini, South Africa, and Lesotho.

This dataset provides values for INFLATION RATE!S reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Inflation in Zimbabwe rose to 10.61 percent in 2018, and is projected to jump dramatically to 577.21 percent in 2020. After that, estimates predict a slow decline for now - however, given Zimbabwe’s history of poor monetary policy, including one of the worst instances of hyperinflation, this seems unrealistic.

Inflation history

Inflation depends significantly on economic expectations of it, making it hard to reduce inflation once it has hit higher levels. This happened in Zimbabwe in the years approaching 2008, at the end of which a single U.S. dollar was worth over 2.6 trillion Zimbabwe dollars, up from 10,000 Zimbabwe dollars at the start of 2005. This all but destroyed Zimbabwe’s economy, leading to very low gross domestic product (GDP) per capita and a government struggling to finance itself.

The way ahead

In 2009, the Zimbabwean dollar had twelve zeros slashed from the banknotes. This was not enough, and after three decades of rule, former Zimbabwean president Robert Mugabe was removed from power at the end of 2017. Citizens of the country are trying to hold foreign banknotes; they prefer U.S. dollars or euros, but the South African rand is more common. However, the rand’s performance against other currencies has been lackluster in recent years. This underscores the struggle that the Zimbabwean people have to find a stable currency at the moment.

Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: South African Rand data was reported at 11.211 % in 10 Mar 2025. This stayed constant from the previous number of 11.211 % for 03 Mar 2025. Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: South African Rand data is updated weekly, averaging 0.365 % from Jan 2018 (Median) to 10 Mar 2025, with 375 observations. The data reached an all-time high of 32.224 % in 19 Aug 2024 and a record low of 0.000 % in 16 Dec 2024. Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: South African Rand data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Core.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for South Africa (ZAFCPIALLMINMEI) from Jan 1957 to Jan 2025 about South Africa, all items, CPI, price index, indexes, and price.