The General Household Survey, 2021, released by Statistics South Africa, indicates that although most 18- and 19-year-olds were still attending secondary school, almost three out of 10 pupils aged 18 years (29,3%) and 4 out of 9 (46,3%) of read more , Media Release 28 June 2022 Real estate, activities auxiliary to financial intermediation and business services industry, 2020 Today, Stats SA read more , According to the Quarterly Employment Statistics (QES, Q1:2022) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector increased by 42 000 in the first quarter of 2022, bringing the level of total employment to approximately 10,1 million. Inflation increased to 7.4% in June, following Mays 6.5%. The South African Reserve Bank raised its benchmark repo rate by more than expected 75 bps to 55 at its July 21st 2022 meeting to contain the surging domestic inflation while signaling. Here is another chart indicating South African inflation data over the last 1 year: The Consumer Price Index (CPI) increased by 1.1% between May and June. read more , MEDIA ADVISORY 24 June 2022 Statistics South Africa to release the results of the Construction industry, 2020 Statistics South Africa (Stats SA) will release 2020 Construction Industry results on Monday, 27 June 2022 through a virtual media briefing. Online Store After Sudan, Zimbabwe recorded the second-highest inflation on the African continent, averaging 90%. South Africas official inflation rate does not necessarily apply to households across the country but varies markedly between different income groups. This means that 100 rand in 1958 are equivalent to 9,925.96 rand in 2021. Additionally, new orders also declined in October, as higher price pressures undermined consumption. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The inflation rate in South Africa between 1958 and 2021 was 9,825.96%, which translates into a total increase of R9,825.96. Stats SA is in the process of updating its database of all users. The S&P Global Purchasing Managers Index (PMI) fell to 49.2 in September, down from August's 51.7. In May, South Africas central bank raised its benchmark interest rate by half a percentage point to 4.75% - the steepest increase in years. PMI improves but remains in contractionary territory in October. Looking for forecasts related to Inflation in South Africa? LinkedIn Press TheSouthAfrican.com is all about South Africa and the stories that affect South Africans, wherever they are in the world. The new target range for fed funds is. Since then the rate of inflation has dipped slightly overall -- in September inflation. The annual core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, picked up to an over five-year high of 4.7% in September, from 4.4% in the prior month. Inflation dropped to 7.5% in September, which followed Augusts 7.6%. At its highest level, South Africa inflation surged to 13-year high in June with the annual consumer price inflation of 7.4%. This is the highest reading since January 2017 when the rate was 6,6%. The rate of increase in the prices of food and non-alcoholic beverages was higher at 6,2% over the same period. The bureau said this on Wednesday in its latest consumer price index (CPI) report for July 2022. increased the repurchase rate by a further 75 basis points, bringing it to 6.25%. The annual inflation rate in South Africa quickened to 6.5% in May of 2022, from 5.9% in April and March, above market expectations of 6.2% and breaking through the upper limit of the South South Africa's annual inflation rate accelerated to an over 13-year high of 7.8% in July of 2022, from 7.4% in June, above market expectations of 7.7% and the upper limit of the South African The main foods contributing to high food inflation in June 2022 were: Transport goods and services recorded an average annual price increase of 20.0% and a monthly rise of 4.2%. June 22, 2022 1:09 PM. All details will be kept confidential and is for the use of Stats SA only. But we should all be interested because high inflation and high food inflation in particular, can result in considerable hardship. South Africas overall rate of inflation in March 2022 (compared to March 2021) was 5,9%. The rate of increase in the prices of food and non-alcoholic beverages was higher at 6,2% over the same period. Subscribe to our YouTube channel below for more updates: South Africa Inflation Hits 7.4% in June 2022 The Highest in 13 Years. Food Inflation in South Africa increased by 6.3 % in April 2021 over the same month in the previous year. The maximum level was 15.6 % and minimum was 0.6 %. Data published Monthly by Statistics. What is Inflation Rate in South Africa? Inflation Rate in South Africa increased by 4.4 % in April 2021 over the same month in the previous year. The repo rate has been hiked by 75 basis points on Thursday. Annual inflation accelerated to 6.5% in May, from 5.9% a month prior, Statistics South Africa said in a statement on its website on Wednesday. As a result, the index moved closer to but remained below the 50.0 no-change mark, signaling a milder deterioration in private-sector business conditions from the previous month. Read more. Search form. Food and Fuel Responsible for an Upsurge in South Africas Inflation Rate South Africas annual consumer price index (CPI) inflation rate surged to a 13-year high of 7.4 percent in June 2022. Google+, Copyright: 2022. The cost of living crisis caused by higher inflation rates is still biting South African consumers hard. Thats the highest level since January 2017. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. October 19, 2022. The S&P Global Purchasing Managers Index (PMI) rose to 49.5 in October, up from the prior months 49.2. Inflation dropped to 7.5% in September, which followed Augusts 7.6%. Tuition revenue jumps as higher education recovers from COVID-19, The state of the electricity, gas & water supply industry (2021), The public-sector: Shy on infrastructure investment. The South Africa credit rating is BB-, according to Standard & Poor's agency.. Current 5-Years Credit Default Swap quotation is Lastly, core inflation rose to 4.4% in June, from Mays 4.1%. The Post Enumeration Survey (PES) identifies how many households and persons were erroneously included, missed or counted more than once during the Census 2022 population count. A day after the inflation data for June 2022 was released, the South African Reserve Bank raised its main benchmark rate by three-quarters of a percentage point to 5.50%, which is noted as the highest raise in borrowing rates in 20 years. In 2021, close to 3% of 15-year-olds and nearly 9% of 17-year-olds dropped out of school. South Africa inflation rate for 2020 was 3.21%, a 0.91% decline from 2019. In 2020, the countrys inflation rate rose to over 500 percent. The rate is the highest recorded in 13 In September 2022, the Twitter South Africa: Inflation drops to lowest level since June in September. South Africa is able to reduce the inflation rate from 7.8 per cent to 7.5 per cent by increasing the policy rate by 225 bps. Consumer price index (CPI), Producer price index (PPI), Government finance: national and provincial government, Supply and use tables, Satellite accounts, Regional GDP, Gross domestic product (GDP), expenditure, Structural industry statistics (large sample surveys of industries, Population Statistics (Census and Community Survey), Labour Statistics- Quarterly Labour Force Survey (QLFS), Tourism Statistics (Domestic Tourism Survey), Crime and Safety Statistics (Victims of Crime Survey), Service Delivery Statistics (General Household Survey), Transport Statistics (National Travel Survey). Headline inflation is projected at 4.8% in 2022 and 4.4% in 2023, according to National Treasury. On a monthly basis, consumer prices were up by 0.2%, the least in seven months, slightly above market forecasts of a 0.1% increase. Inflation dropped to 7.5% in September, which followed Augusts 7.6%. Link to report: South Africa: Food and Fuel Feed Rising Inflation South Africas annual consumer price index inflation rate surged to a 13-year high of 7.4 percent in June 2022, driven mainly by The biggest losses in jobs were recorded in the construction of civil engineering structures (-31 000) and site preparation (-9 000). Although some South Africans resided in institutions such as hospitals and old age homes, SA had an estimated 18 million households, with an average household size of 3,34 persons. October 19, 2022. Inflation South Africa 2022 (CPI) - The inflation chart and table below feature an overview of the South African inflation in 2022: CPI South Africa 2022. The result was driven by rising prices for housing and utilities and transportation. Inflation has been ticking upwards in South Africa with a print of 5.7% y-o-y in January 2022 (latest available data), which is higher than 3.2% y-o-y print in January 2021. This led employment levels to be broadly flat in October. LinkedIn Annual consumer price inflation was 7.4% in June 2022, up from 6.5% in May, and the highest rate since May 2009,. Refer to the theme documentation for help. which is noted as the highest raise in borrowing rates in 20 years. Inflation was recorded at 7.8% in July 2022, up from 7.4% in June 2022. Meanwhile, delivery times lengthened markedly due to Transnet strikes in ports. Inflation dropped to 7.5% in September, which followed Augusts 7.6%. The CPI basket was revised in January of 2013. South Africa's annual inflation rate accelerated to an over 13-year high of 7.8% in July of 2022, from 7.4% in June, above market expectations of 7.7% and the upper limit of the South African Annual consumer price inflation was 7.4% in June 2022, up from 6.5% in May, and the highest rate since May 2009, the statistics agency, StatsSA, said in a statement. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. We have a plan for your needs. Global electricity demand slowing sharply: IEA, Johnny Depp struts his stuff at Savage x Fentyshow, WATCH | Police watching LOOTERS and not acting [VIDEO], Dont charge Refuse Collection this month Residents to Ekurhuleni, WATCH | Dancing teacher just cant stop grooving [VIDEO]. South Africa: Inflation drops to lowest level since June in September. MUVHANGO: Tonights episode, 09 November 2022 [VIDEO]. Monetary policymakers of Africas most industrialised power had sought to keep inflation within a range of three to 6%. 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. South Africa: Manufacturing activity grows at fastest pace in seven months in August. At its 22 September meeting, the Monetary Policy Committee of the South African Reserve Bank (SARB) increased the repurchase rate by a further 75 basis points, bringing it to 6.25%. This is the highest rate since May 2009 when the rate was 8,0%. Monetary. Direct access to our data from your apps using any programing language. South Africas Bureau of Statistics says the countrys inflation rate increased to 7.8 percent in July 2022, up from 7.4 percent in the previous month. The S&P Global Purchasing Managers Index (PMI) rose to 49.5 in October, up from the prior months 49.2. The maximum level was 120 index points and minimum was 1.2 index points. Inflation cools for a second month. STATISTICS SOUTH AFRICA 3 P0141 Consumer Price Index June 2022 KEY FINDINGS Headline consumer price index (CPI for all urban areas) Annual consumer price inflation was 7,4% in June 2022, up from 6,5% in May 2022. Prices of transport (25% vs 20% in June), mostly fuels (56.2% vs 45.3%); food and non-alcoholic beverages (9.7% vs 8.6%), notably oils & fats (36.2% vs 32.5%) and bread & cereals (13.7% vs 11.2%); and housing and utilities (4% vs 5.1%), namely electricity (8.1% vs 14.5%) continued to be the main drivers of inflation. More news. My Cart Copyright Blue Sky Publications Ltd. All Rights Reserved. API users can feed a custom application. Production in agricultural sector past quarter failed for 7,7%, in the processing - for 5,9%. As of 2022, rising inflation has become a shared trend worldwide. ______________________________________________________________________, SEE ALSO: Nigeria Inflation Surges to Over 18% in June 2022 The Highest in 5 Years. ALSO READ: Global electricity demand slowing sharply: IEA. Scroll to Top. October 11, 2022. This page provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa: Manufacturing activity grows at fastest pace in seven months in August. Address: Regus Business Centre 1st Floor, Block B, North Park, Black River Park, 2 Fir Street, Observatory, Cape Town, 7925, South Africa Postal: Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican, PO Box 44354, Claremont, 7735, South Africa, United Kingdom Blue Sky Publications Ltd Company Registration Number: 04683692. Normal Convexity in Long-Term vs Short-Term Maturities. The Laspeyres formula is generally used. At its 22 September meeting, the Monetary Policy Committee of the South African Reserve Bank (SARB) increased the repurchase rate by a further 75 basis points, bringing it to 6.25%. The Trading Economics Application Programming Interface (API) provides direct access to our data. The decline in the annual inflation rate was largely attributed to a decline in South African fuel prices due to easing global oil prices. In other words, the purchasing power of R100 in 1958 equals R9,925.96 in 2021. Families in the West South Central (Arkansas, Louisiana, Oklahoma, and Texas) and Mountain West (Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming) are facing the highest inflation rates, with prices today 14.9 percent higher than in January 2021 for both regions. Annual consumer price inflation quickened to 6,5% in May from 5,9% in April and March, breaking through the upper limit of the South African Reserve Banks monetary policy target range. That has forced central banks to raise interest rates, risking the prospect of recession as higher borrowing costs hurt businesses and consumers. The read more , MEDIA ADVISORY 20 June 2022 Statistics South Africa to release the results of the General Household Survey, 2021 Statistics South Africa (Stats SA) will release the results of the 2021 General Household Survey (GHS) on Thursday, 23 June 2022 in Pretoria. Central Bank Rate is 6.25% (last modification in September 2022).. How inflation is calculated. South Africas annual consumer price inflation (CPI) reached 7.4% in June 2022, Statistics South Africa (Stats SA) says. Fuel prices declined for a second consecutive month, contributing to the softer headline rate. On a monthly basis, consumer prices inched up by 1.5%, after increasing 1.1% in June and above market forecasts of a 1.4% rise. The inflation rate is based upon the Looking for forecasts related to PMI in South Africa? Read more Online Store Nevertheless, firms remained optimistic over output expectations for the coming 12 months, although they pointed at inflation and load shedding as risks. South Africa Economic News. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Kaizer Chiefs coach issues latest transfer update! Business - DM Listen, 4 Nov South African businesses are taking longer to pay off their debts - Business debt conditions have declined in the second quarter of this year, with this downward trajectory likely to continue in the coming quarters, according to new insight from Experian South Africa. Inflation increases to over 13-year high in June. This is the highest inflation rate since May 2009 when the CPI was 8.0 percent due to Inflation Rate in South Africa averaged 8.74 percent from 1968 until 2022, reaching an all time high of 20.70 percent in January of 1986 and a record low of 0.20 percent in January of 2004. Home > News > South Africa: Inflation drops to lowest level since June in September. Thank you for your support by helping us create content: BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT, ERC20 Address: 0x03139524428e40E31f13909f8D994C915FB91277, SOL address: 9cC65AWFHj848kntcoyiT8av3jiRQEqyTTmBR1GvVUb, ____________________________________________________________________, Follow us onTwitterfor the latest posts and updates, Join and interact with ourTelegram community. October 19, 2022. Address: Riverbank House, 1 Putney Bridge Approach, London, SW6 4TJ. This is the highest annual rate for food and NAB since March 2017 when the country was recovering from severe drought. October 19, 2022. South Africa: Inflation drops to lowest level since June in September. Others include: Miscellaneous Goods and Services such as personal care, Insurance and Finance (14.7 percent); Alcoholic Beverages and Tobacco (5.4 percent); Household Contents, Equipment and Maintenance (4.8 percent); Recreation and Culture (4.1 percent); Clothing and Footwear (4.1 percent). Annual consumer price inflation slowed to 7,5% in September from 7,6% in August, edging further down from the 13-year high of 7,8% recorded in July. This means that the rate at which the SARB lends to your bank has risen. South Africas overall rate of inflation in March 2022 (compared to March 2021) was 5,9%. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Press South Africa: Inflation drops to lowest level since June in September. LinkedIn South Africa inflation rate for 2021 was 4.61%, a 1.4% increase from 2020. The US is able to reduce the inflation rate from 9.1 per cent to 8.2 per cent by increasing the Federal Reserve rate by 275 bps. This is a 0.9% increase from the 6.5% recorded in May 2022. October 11, 2022. Still going like a Bullet Train: Is Brad Pitt going to retire from acting? Friday 17 June 2022 - 11:04am File: Food prices are soaring. June's result marked the highest reading since July 2021. That would imply the Fed could pause hiking rates at its March 2023 meeting. The national read more . Octobers improvement came largely amid milderalbeit still sharpcontractions in output and new orders. Annual consumer inflation in South Africa jumped to 7.4% in June 2022 from 6.5% in May 2022, according to Stats SA, South African government statistics body. ENTER The South African Queer survey 2022 & stand a chance to win R5 000! The bank had drastically slashed interest rates in 2020 to a low of 3.5% to help the economy weather the coronavirus pandemic. South Africa's annual inflation rate eased to 7.6% in August of 2022, from an over 13-year high of 7.8% in July, but above market expectations of 7.5% and the upper limit of the South African Reserve Banks target range of 3%-6%. Restaurants and Hotels, Education, Communication and Health account for the remaining 10 percent. Never miss out on our latest data,analysis and industryevents. The survey provides a snapshot of progress achieved in basic government services and also read more , Statistics South Africa will conduct an independent survey to measure the accuracy and reach of the Census 2022 population count from 8 June to 26 July 2022. South Africa's annual inflation rate eased for the second month to 7.5% in September of 2022, from 7.6% in August, matching market expectations but still above the upper limit of the South African Reserve Banks target range of 3%-6%. Annual consumer inflation in South Africa jumped to 7.4% in June 2022 from 6.5% in May 2022, according to Stats SA, South African government statistics body. South Africa's annual inflation rate accelerated to an over 13-year high of 7.8% in July of 2022, from 7.4% in June, above market expectations of 7.7% and the upper limit of the South African Reserve Banks target range of 3%-6%. The South Africa 10Y Government Bond has a 10.555% yield.. 10 Years vs 2 Years bond spread is 329 bp. A Dollar Crunch Bites Africa Amidst Record Inflation Numbers, M-PESA Mobile Money Service Gets Licensed to Operate in Ethiopia Africas Second Most Populous Nation, Egyptian Fintech, MoneyFellows, Raises $31 Million Series B Round, Jumia Co-Founders Step Down Again as the Leading African e-Commerce Company Struggles to Deliver IPO Promise. About Download a sample report now. The annual core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, fell to 4.4% in August of 2022, from a near five-year high of 4.6% in the previous month. The General Household Survey (GHS) tracks the progress of development in South Africa and read more , In 2021, South Africa had a population of approximately 60,5 million people. Read more. Investing money into cattle is a growing business in Zimbabwe where inflation is skyrocketing. On a month-on-month basis, the inflation rate increased to 1.82% in June 2022, this is 0.03% higher than the rate recorded in May 2022 (1.78%).
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