inflation rate south africa june 2022

June's result marked the highest reading since July 2021. South Africa: Manufacturing activity grows at fastest pace in seven months in August. Since then the rate of inflation has dipped slightly overall -- in September inflation. October 19, 2022. Standard users can export data in a easy to use web interface or using an excel add-in. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. How inflation is calculated. Rate The table below contains annual inflation rates in South Africa from 1958. The S&P Global Purchasing Managers Index (PMI) fell to 49.2 in September, down from August's 51.7. inflation Join thousands of others readers and stay up to date with the latest News, Your go to resource for worldwide current affairs and news, Start typing to see results or hit ESC to close, Kenyas Kotani Pay Among 10 Finalists in U.S Chamber of Commerce Innovation Competition for African Startups, WeChat to Integrate the e-CNY Digital Yuan as CBDC Transactions Cross 100 Billion, All You Need to Know About the Kenya Capital Markets Authority Regulatory Sandbox, the June 2022 rate is the highest reading since May 2009 (8.0%), Nigeria Inflation Surges to Over 18% in June 2022 The Highest in 5 Years. Inflation dropped to 7.5% in September, which followed Augusts 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. Prices slowed mostly for transport (21.2% vs 25% in July), of which fuels (43.2% vs 56.2%) and restaurants & hotels (5.8% vs 6.5%). June | 2022 | Statistics South Africa In May, South Africas central bank raised its benchmark interest rate by half a percentage point to 4.75% - the steepest increase in years. Inflation dropped to 7.5% in September, which followed Augusts 7.6%. Advanced users can use our Python/R/Matlab packages. South Africa 2022 This October 19, 2022. South Africa: Food and Fuel Feed Rising Inflation This is the highest reading since January 2017 when the rate was 6,6%. 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. How the Inter-American Development Bank is Driving Blockchain Use Cases in Latin America, the Caribbean Lessons for Africa? After Sudan, Zimbabwe recorded the second-highest inflation on the African continent, averaging 90%. This page provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Headline inflation is projected at 4.8% in 2022 and 4.4% in 2023, according to National Treasury. The average annual inflation rate between these periods was 7.57%. 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. Google+, Copyright: 2022. South Africa Inflation Hits 7.4% in June 2022 - BitcoinKE 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. Prices of food and non-alcoholic beverages (NAB) increased by 8.6% year-on-year in June 2022. South Africa: Inflation drops to lowest level since June in September. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. 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. Africas inflation set to rise in 2022 Increases in consumer prices vary widely among countries in Africa. 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. The South Africa 10Y Government Bond has a 10.555% yield.. 10 Years vs 2 Years bond spread is 329 bp. 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 This is the highest annual rate for food and NAB since March 2017 when the country was recovering from severe drought. More news. RECOMMENDED READING: A Dollar Crunch Bites Africa Amidst Record Inflation Numbers. Mainly driven by rising transport and food prices, the government said that the June 2022 rate is the highest reading since May 2009 (8.0%) when the economy was facing the headwind of currency depreciation during the global financial crisis. which is noted as the highest raise in borrowing rates in 20 years. PMI improves but remains in contractionary territory in October. The 'Inflation %' column indicates how much prices have changed since the previous year. LinkedIn Inflation increases to over 13-year high in June. Inflation Published June 15 2022. 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. Download a sample report now. 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. 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%. South Africa Inflation Rate - 2022 This is a 0.9% increase from the 6.5% recorded in May 2022. Sudan haS the highest inflation in Africa as of 2022. 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. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. 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. White label accounts can distribute our data. With regard to prices, a weaker South African rand and higher energy bills pushed input cost inflation up, whereas selling prices rose at a marginally quicker pace. Looking for forecasts related to PMI in South Africa? South Africa Inflation Rate LinkedIn Inflation dropped to 7.5% in September, which followed Augusts 7.6%. South Africa Economic News. South Africa's inflation rate reached 7.4% in June from 6.5% in May, Statistics South Africa said Wednesday. The decline in the annual inflation rate was largely attributed to a decline in South African fuel prices due to easing global oil prices. Nevertheless, firms remained optimistic over output expectations for the coming 12 months, although they pointed at inflation and load shedding as risks. About Octobers improvement came largely amid milderalbeit still sharpcontractions in output and new orders. South Africa 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. October 11, 2022. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The cost of living crisis caused by higher inflation rates is still biting South African consumers hard. Manufacturing output expanded 2.1% month on month in seasonally adjusted terms in August (July: -0.1% mom). The S&P Global Purchasing Managers Index (PMI) fell to 49.2 in September, down from August's 51.7. 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. As of 2022, rising inflation has become a shared trend worldwide. South Africa Historical Inflation Rates | 1958-2022 Inflation dropped to 7.5% in September, which followed Augusts 7.6%. Prices slowed further for transportation (17.9% vs 21.2% in August), on account of fuels (34.1% vs 43.2%). 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. Meanwhile, delivery times lengthened markedly due to Transnet strikes in ports. Central Bank Rate is 6.25% (last modification in September 2022).. In 2020, the countrys inflation rate rose to over 500 percent. June 22, 2022 1:09 PM. In South Africa, the most important categories in the consumer price index are Housing and Utilities (24.5 percent of total weight), Transport (16.4 percent) and Food and Non-Alcoholic Beverages (15.4 percent). The inflation rate is based upon the Copyright Blue Sky Publications Ltd. All Rights Reserved. Never miss out on our latest data,analysis and industryevents. South Africa inflation rate for 2021 was 4.61%, a 1.4% increase from 2020. Search . The annual rate rose during 2021, and continued its upward trajectory in the first half of 2022. 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. 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 survey collects information every three to five years on the nature and structure of South Africas read more , Media Release 23 June 2022 General Household Survey, 2021 Statistics South Africa released its social and household service delivery statistics, with data showing that the effects of the COVID-19 pandemic is still lingering for early childhood development and school attendance.

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