Inflation Rate in South Africa
Inflation recedes to 11-month low in April
Inflation dropped to 6.8% in April, down from March’s 7.1%. April’s reading represented the softest inflation rate since May 2022. Looking at the details of the release, the downtick was chiefly due to prices for food and non-alcoholic beverages and transport growing at slower rates. These price developments more than offset prices for housing and utilities increasing at a brisker pace in April.
Still, the trend was unchanged, with annual average inflation coming in at March’s 7.2% in April. Meanwhile, core inflation ticked up to 5.3% in April (March: 5.2%).
Lastly, consumer prices rose 0.37% from the previous month in April, slowing from March’s 1.02% increase.
South Africa Inflation Rate Chart
This chart displays Inflation Rate (CPI, annual variation in %) for South Africa from 2013 to 2022.
South Africa Inflation Rate Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 5.3 | 4.6 | 4.1 | 3.3 | 4.6 |