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South Africa Inflation Rate

Consumer price inflation, annual %  FP.CPI.TOTL.ZG

3.36% −1.00pp (-23.0%)
Year 2025 Rank #94 Global Peak 18.65% (1986) Source World Bank

South Africa Inflation Rate (1960–2025)

Overview

South Africa's inflation rate stood at 3.36% in 2025, a decline of +1.00pp from 2024. The IMF projects 3.36% by 2025. South Africa ranked 94th globally.

Data & projection

Year Inflation Rate YoY change Rank
2030* IMF 3.00% - -
2029* IMF 3.00% - -
2028* IMF 3.00% - -
2027* IMF 3.23% - -
2026* IMF 3.66% - -
2025* IMF 3.36% - -
2025 3.36% −1.00pp #94
2024 4.36% −1.54pp #129
2023 6.08% −0.79pp #105
2022 7.04% +2.49pp #83
2021 4.62% +1.33pp #124
2020 3.23% −0.88pp #129
2019 4.10% −0.49pp #151
2018 4.51% −0.78pp #152
2017 5.19% −1.13pp #149
2016 6.60% +2.01pp #162
2015 4.52% −1.60pp #147
2014 6.13% +0.39pp #164
2013 5.78% +0.13pp #153
2012 5.74% +0.76pp #141
2011 5.00% +0.77pp #107
Show all years (1960-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +14.4% GDP growth 3.2% C/A balance 0.0%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

South Africa matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →

The reported fall in oil prices below $100 a barrel is a disinflationary factor, as lower crude costs typically reduce fuel and transportation expenses, which can help moderate South Africa's current inflation rate of 3.36%. The headline regarding South

Frequently Asked Questions

What is South Africa's inflation rate?

South Africa's inflation rate was 3.36% in 2025. Ranked 94th globally. This represents a 23.0% decrease from the previous year.

What was the highest inflation rate in South Africa?

South Africa's inflation rate peaked at 18.65% in 1986.

What was the lowest inflation rate in South Africa?

The lowest inflation rate in South Africa was -0.69% in 2004.

How does South Africa rank in inflation rate?

South Africa ranks 94th globally in inflation rate as of 2025.

What is the World Bank indicator code for inflation rate?

The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.

What is the projected inflation rate of South Africa in 2025?

South Africa's inflation rate is projected to reach 3.36% by 2025 based on IMF projection.

What is the inflation rate of South Africa in 2025?

The inflation rate of South Africa in 2025 was 3.36%. This ranks 94th in the world.

Cite this page

APA
South Africa Inflation Rate. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/south-africa/inflation-rate
BibTeX
@misc{historysaid_south-africa_inflation-rate, title = {South Africa Inflation Rate}, url = {https://historysaid.com/south-africa/inflation-rate}, publisher = {HistorySaid}, year = {2026} }

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