South Africa

South Africa Inflation May 2018

South Africa: Inflation eases in May

Consumer prices rose 0.2% in May from a month earlier, easing from April’s 0.8% jump. May’s reading was driven entirely by rising fuel costs, as prices across all other categories were flat following April’s VAT hikes. As such, core consumer prices—which exclude food and energy prices—were flat from a month earlier.

Inflation ticked down to 4.4% from 4.5% in April, coming in below analysts’ expectations of a 4.7% reading. May’s print showed the slowest rise in food costs in nearly five years, which helped offset the rand’s weakness. Core inflation also eased, dipping to 4.4% from 4.5%. Meanwhile, annual average inflation was stable from a month earlier at 4.6%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen