", IMF, South Africa: Inflation rate from 1987 to 2027 (compared to the previous year) Statista, https://www.statista.com/statistics/370515/inflation-rate-in-south-africa/ (last visited November 09, 2022), South Africa: Inflation rate from 1987 to 2027, Forecast: revenue motor vehicle manufacture South Africa 2010-2020, Industry revenue of manufacture of parts and accessories for motor vehicles and their engines in South Africa 2011-2023, Industry revenue of manufacture of basic iron and steel in South Africa 2011-2023, Forecast: revenue plastic product manufacture South Africa 2010-2020, Industry revenue of manufacture of structural metal products in South Africa 2011-2023, Industry revenue of property owning and letting in South Africa 2011-2023, Industry revenue of business and management consultancy activities in South Africa 2011-2023, Industry revenue of architectural and engineering activities and related technical consultancy in South Africa 2011-2023, Industry revenue of restaurants, bars and canteens in South Africa 2011-2023, Industry revenue of hotels, camping sites and other provision of short-stay accommodation in South Africa 2011-2023, Industry revenue of retail sale of motor vehicles in South Africa 2011-2023, Industry revenue of retail trade in non-specialised stores with food, beverages and tobacco predominating in South Africa 2011-2023, Industry revenue of retail sale of automotive fuel in South Africa 2011-2023, Industry revenue of retail trade in textiles, clothing, footwear and leather goods in South Africa 2011-2023, Industry revenue of retail trade in food, beverages and tobacco in specialised stores in South Africa 2011-2023, Spirits in South Africa: unit price 2015, by brand, Number of foreign overnight visitors to South Africa from 2011 to 2018, by continent, Income from railway transport services in South Africa by commodity 2013-2016, Wine grape area distribution in South Africa 2017, by variety, Income from road transport services in South Africa by commodity 2016, Revenue generated from hotel rooms in South Africa 2012-2023, Share of red wine plantings in South Africa 2016, by variety, Growth of top pharmaceutical companies in South Africa in 2014-2015, Life-years added through ART for HIV treatment South Africa by 2030, South Africa's gold demand by end use 2013-2023, Growth of hotel room revenue in South Africa 2012-2023, South Africa - new passenger vehicle registrations by brand 2014-2016, Industry revenue of manufacture of carpets, rugs and mats in South Africa 2011-2023, Industry revenue of cold forming or folding in Germany 2012-2025, Industry revenue of roofing contractors in California 2012-2024, South Africa: Inflation rate from 1987 to 2027 (compared to the previous year), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. GDP Value . As a Premium user you get access to the detailed source references and background information about this statistic. Income . Use Ask Statista Research Service. Show publisher information To use individual functions (e.g., mark statistics as favourites, set The trend of the inflation rate since 2010 could be called upward if there was no decline in 2012 and 2014. In terms of the different social groups, analysts revised their expectations for 2023 upwards by 0.5% pts, while business people and trade unionists made more modest upward adjustments of 0.2% pts and 0.1% pt respectively. The consumer price index increased by 0,6% month- on-month in December 2021. Register in seconds and access exclusive features. January's moderation came on the back of declining prices for transport. Please do not hesitate to contact me. Transport; food and non-alcoholic beverages (NAB); and housing and utilities continue to place upward pressure on the annual rate. Access to this and all other statistics on 80,000 topics from, Show sources information Advanced users can use our Python/R/Matlab packages. Learn more about how Statista can support your business. The average inflation rate in Southern Africa was projected at seven percent in 2022. Whereas average inflation expectations were just below the 4.5% midpoint of the target range in the third quarter, they increased to just above it in the fourth quarter for all three forecast periods. The ideal entry-level account for individual users. facts. Personal Tax. As soon as this statistic is updated, you will immediately be notified via e-mail. USD to ZAR forecast for . Tax collections: Personal income tax revenues grow more than expected as jobs increase and salaries rise. Dollar to Rand forecast for April 2023. This box described the effect of that surprise on receipts, spending and borrowing. We look at the key drivers and the risk factors which could affect price pressures, addressing topics such as Russian gas supply, labor markets and supply constraints. You need at least a Starter Account to use this feature. The nonpartisan agency expects that the consumer price index will rise 6.1% this year and 3.1% in 2023. Forecast of inflation rate globally 2021-2023, by country Published by Statista Research Department , Aug 5, 2022 As of July 2021, the inflation rate for the United States was forecast. The first article in this report looks at why we still expect mainstream house prices to fall by -10% next year but end up rising by a net 6% over five years and the risks to that view. Whereas average inflation expectations were just below the 4.5% midpoint of the target range in the third quarter, they increased to just above it in the fourth quarter for all three forecast periods. Chart. "Inflation Rate in Southern Africa from 2019 to 2023. GDP Growth . Inflation is forecast to average 3.9% (4.2% previously) in 2021 facts. "South Africa: Inflation rate from 1987 to 2027 (compared to the previous year)." FocusEconomics Consensus Forecast panelists see inflation averaging 6.7% in 2022, which is up 0.1 percentage points from last month's estimate, and 5.2% in 2023. The average for the month 18.846. February 16, 2022. That is well above our 2% target. Respondents expect inflation to accelerate to 6.0%. In the third quarter of 2021, average inflation expectations for all three forecast periods remained unchanged compared to the previous survey. For the analysis of the other G20 economies, select a country page: US | Canada | Mexico | France | Germany | UK | Italy | Brazil | Argentina | Turkey | Australia | China | India | Japan | South Korea | Indonesia | Russia | South Africa | Saudi Arabia | EU | Euro Area, GDP Forecast | Inflation Forecast | Unemployment Forecast | Current Account Balance Forecast | Government Debt Forecast. Gross domestic product (GDP) growth rate in South Africa 2027, Gross domestic product (GDP) distribution across economic sectors South Africa 2021, Gross domestic product (GDP) in South Africa 2027. Inflation expectations reversed course in the second-quarter survey. Inflation measures the general evolution of prices. Interest Rate. Profit from the additional features of your individual account. PO Box 35213; Pretoria 0102, South Africa. One unforeseen economic development affecting our March 2016 forecast was the upside surprise in inflation in 2017-18 as a result of the fall in the exchange rate. Fiscal outlook: Large budget deficits and increasing public sector debt are forecast to . . Economists raised their forecasts over the . The SARB has amended its global growth forecast to 3.3% (from 3.5%) for 2022 and to 2.5% (from 2.7%) for 2023 and 2024 respectively. For 2023, panelists see GDP growth at 1.6%. Accessed November 09, 2022. https://www.statista.com/statistics/1306166/inflation-rate-in-southern-africa/, AfDB. and 4.2% (4.5% previously) in 2022. Wages Growth. Chart. In, IMF. Gold Price Forecast 2022, 2023-2025. . In 2020, Nigeria recorded one of the highest inflation rates worldwide. The expectations of business people and trade union representatives rose by more than those of the analysts. Projected data for 2022 and 2023. These two-hour virtual sessions will discuss short- and long-term political and geopolitical risk. We expect the rate of inflation to peak at 11% in October and then remain above 10% for a few months before starting to come down. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook In, AfDB. The survey also showed that economists now see a 50% chance of recession over the next 12 months, a slight increase from August. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Above-inflation increases in South Africa's electricity and water prices pose a risk to the consumer inflation outlook and could trigger a rise in lending rates, the central bank said on Wednesday . Inflation rate in Southern Africa from 2019 to 2023 [Graph]. Please create an employee account to be able to mark statistics as favorites. Fuel and food prices soared globally due to the Russia/Ukraine conflict that disrupted commodity markets. FocusEconomics Consensus Forecast panelists project GDP to expand 2.0% in 2022, which is down 0.1 percentage points from last month's forecast. The core inflation forecast for 2021 is slightly lower at 2.9% (from 3.0%), 3.7% in 2022 (from 4.0%) and unchanged in 2023 at 4.3%. In South Africa, inflation expectations refer to one year ahead expected inflation rate. Current job openings: 2022 Data - 2023 Forecast - 2000-2021 Historical, South African Stocks End at Near 2-Month High, South Africa Forex Reserves Fell Slightly in October, South Africa Private Sector Contracts for 2nd Month, South Africa Trade Surplus Unexpectedly Widens, South Africa Private Credit Growth at Near 7-Year High, South Africa Producer Inflation Eases Less than Expected, South Africa 10-Year Bond Yield at 1-Week Low, Bovespa Sinks Following Bad Earnings from Bradesco, Mexbol Turns Downward After Inflation Report, Canada TSX Declines with Commodities, CPI Uncertainty, Poland Holds Interest Rate Steady for 2nd Meeting. South Africa Imports of zinc from Albania 2022 . In the first quarter of 2022, the average inflation expectations of analysts, business people and trade unions rose to 5.1% (4.8% previously) in 2022 and 5.0% (4.7% previously) in 2023. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Finally, consumer prices rose 0.19% over the previous month in August, moderating from July's 1.54% rise. PwC's South Africa Economic Outlook (October 2022) report focuses on forecasts and expectations related to the MTBPS scheduled for 26 October 2022. High exchange rate 19.238, low 18.596. 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