South Africa's annual core inflation rate, which excludes volatile items such as food, non-alcoholic beverages, fuels, and energy, eased to 3.9% in October 2024, the lowest since April 2022, down from 4.1% in each of the previous two months. On a monthly basis, core consumer prices rose by 0.2% in October, after a 0.3% increase in the prior month. source: Statistics South Africa
Core consumer prices in South Africa increased 3.90 percent in October of 2024 over the same month in the previous year. Core Inflation Rate in South Africa averaged 4.67 percent from 2009 until 2024, reaching an all time high of 8.40 percent in May of 2009 and a record low of 2.50 percent in February of 2021. This page 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. South Africa Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.
Core consumer prices in South Africa increased 3.90 percent in October of 2024 over the same month in the previous year. Core Inflation Rate in South Africa is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Core Inflation Rate is projected to trend around 3.90 percent in 2025 and 4.40 percent in 2026, according to our econometric models.