Inflation rate history south africa
South African annual consumer inflation slowed in September, falling to 4,1% from 4,3% recorded in August. The inflation rate has hovered between 4% and 5% since December last year and has been below 4,5% for the past three months. Inflation rate in South Africa 2024. Statistic | South Africa’s inflation has been quite stable for the past years, levelling off between 4.58 and 6.3 percent, and is in fact expected to stabilize at around 5 percent in the future. South Africa is a mixed economy, generating most of its GDP through the services sector, especially tourism. A History of Inflation in SA. 31 March 2016 High inflation is detrimental to economic growth. It attracts investment to non-productive assets and discourages saving; consumers are more likely to buy immediately in an environment of rising prices. This statistic shows the average inflation rate in Sub-Saharan Africa from 2014 to 2017, with projections up until 2024. In 2017, the average inflation rate in Sub-Saharan Africa amounted to about 11.01 percent compared to the previous year. South Africa Inflation Rate Hits 6-Month Low of 4%: Jul 24, 2019: 08:16: South Africa June Inflation Rate Steady at 4.5%: Jun 19, 2019: 09:30: South Africa Inflation Rate Edges Up to 4.5% in May
The consumer price index (CPI) is the official measure of inflation in South Africa. One variant, the consumer price index excluding mortgage costs (CPIX),
Core consumer prices in South Africa increased 4.30 percent in August of 2019 over the same month in the previous year. Core Inflation Rate in South Africa averaged 4.99 percent from 2009 until 2019, reaching an all time high of 8.30 percent in May of 2009 and a record low of 2.90 percent in January of 2011. Most recent CPI South Africa (inflation figure) 3.974 %. When we talk about the rate of inflation in South Africa, this often refers to the rate of inflation based on the consumer price index, or CPI for short. South African annual consumer inflation slowed in September, falling to 4,1% from 4,3% recorded in August. The inflation rate has hovered between 4% and 5% since December last year and has been below 4,5% for the past three months. Inflation rate in South Africa 2024. Statistic | South Africa’s inflation has been quite stable for the past years, levelling off between 4.58 and 6.3 percent, and is in fact expected to stabilize at around 5 percent in the future. South Africa is a mixed economy, generating most of its GDP through the services sector, especially tourism. A History of Inflation in SA. 31 March 2016 High inflation is detrimental to economic growth. It attracts investment to non-productive assets and discourages saving; consumers are more likely to buy immediately in an environment of rising prices. This statistic shows the average inflation rate in Sub-Saharan Africa from 2014 to 2017, with projections up until 2024. In 2017, the average inflation rate in Sub-Saharan Africa amounted to about 11.01 percent compared to the previous year. South Africa Inflation Rate Hits 6-Month Low of 4%: Jul 24, 2019: 08:16: South Africa June Inflation Rate Steady at 4.5%: Jun 19, 2019: 09:30: South Africa Inflation Rate Edges Up to 4.5% in May
Inflation rate in South Africa 2024. Statistic | South Africa’s inflation has been quite stable for the past years, levelling off between 4.58 and 6.3 percent, and is in fact expected to stabilize at around 5 percent in the future. South Africa is a mixed economy, generating most of its GDP through the services sector, especially tourism.
Inflation, consumer prices (annual %) from The World Bank: Data. 1.6. Solomon Islands. 2018. 3.5. Somalia. South Africa. 2019. 4.1. South Sudan. 2017 . 187.9. Nov 20, 2019 South Africa's annual inflation rate dropped more than forecast to the lowest in almost nine years in October. Jan 22, 2020 With the headline inflation rate rising from 3.6% to 4% on the year price pressures continued to sit comfortably within the South African Reserve
All current and historical prime rate as well as up to date economic indices. We use cookies to optimise the user experience. Tell me more. Close. Please take note. You are about to leave the Absa website. The content of the website you are visiting is not controlled by Absa. This link is being offered for your convenience and Absa is not
the average inflation by year for South Africa - the average of 12 monthly inflation rates of a calendar year In case you click on CPI South Africa plus year in the inflation table, you will be directed to a page showing the historic inflation rates of that specific year in South Africa. The annual inflation rate in South Africa rose to 4.5% in May 2019 from 4.4% in the prior month, above market expectations of 4.4%, but still in the mid-point of the Reserve Bank's target range of 3-6%. Main upward pressure came from prices of housing & utilities and food while those of transport slowed. Historical Inflation Data. This is the inflation index data, from Stats SA, used by the calculator. South Africa inflation rate for 2017 was 5.18%, a 1.41% decline from 2016. South Africa inflation rate for 2016 was 6.59%, a 2.09% increase from 2015. South Africa inflation rate for 2015 was 4.51%, a 1.63% decline from 2014. South Africa inflation rate for 2014 was 6.14%, a 0.36% increase from 2013. Core consumer prices in South Africa increased 4.30 percent in August of 2019 over the same month in the previous year. Core Inflation Rate in South Africa averaged 4.99 percent from 2009 until 2019, reaching an all time high of 8.30 percent in May of 2009 and a record low of 2.90 percent in January of 2011. Most recent CPI South Africa (inflation figure) 3.974 %. When we talk about the rate of inflation in South Africa, this often refers to the rate of inflation based on the consumer price index, or CPI for short.
Selected historical rates The current browser does not support Web pages that contain the IFRAME element. To use this Web Part, you must use a browser that supports this element, such as Internet Explorer 7.0 or later.
This statistic shows the average inflation rate in Sub-Saharan Africa from 2014 to 2017, with projections up until 2024. In 2017, the average inflation rate in Sub-Saharan Africa amounted to about 11.01 percent compared to the previous year. South African Inflation. Calculate what historical, inflation adjusted money is worth today. The months from January 1960 to January 2020 are supported. Selected historical rates The current browser does not support Web pages that contain the IFRAME element. To use this Web Part, you must use a browser that supports this element, such as Internet Explorer 7.0 or later. South Africa’s inflation rate reached the mid-point of the central bank’s target range of 3-6% in December — something the Reserve Bank says would allow for flexibility in dealing with price shocks. Consumer-price growth slowed to 4.5% from a year earlier, compared to 5.2 percent in November,
Selected historical rates The current browser does not support Web pages that contain the IFRAME element. To use this Web Part, you must use a browser that supports this element, such as Internet Explorer 7.0 or later.