“The 2019 CPI forecast dropped as expected on lower petrol prices – from 5.5% to 4.8%. Consumer prices increased 0.26% in October over the previous month, picking up from September's 0.17% increase. Google+, Facebook Economic contraction in 2020: No forecast shared “We expect the SARB to cut interest rates by 50bp at the May MPC meeting and then put rates on hold at 3.75% through to the end of the year. 5 years of economic forecasts for more than 30 economic indicators. Revelio Labs | Does a Military Background Boost Your Corporate Potential? The South African rand (ZAR) posted strong gains against the U.S. dollar over the past month, largely reflecting improved market sentiment following Joe Biden’s win in the U.S. Manufacturing output slid 2.6% in year-on-year terms in September, which was above August's 11.1% decrease and marked the best result since February. Talk to the SARB Forums; Monetary Policy Implementation. Click on the button below to get started. Headline consumer price inflation (CPI) is seen peaking at 5.3% in the first quarter of 2020. These forecasts take into account futures of 27 November 2020. JOHANNESBURG - Consumer price inflation (CPI) rose above the midpoint of the SA Reserve Bank (SARB) target band for the first time in 15 months, due … whilst 2020 moved less on headline from 5.4% to 5.3% (again as expected) – … FocusEconomics Consensus Forecast panelists see inflation averaging 4.0% in 2021, which is unchanged from last month’s estimate, and 4.4% in 2022. SARB seeks much better CPI forecast to cut rates. You may continue using your current browser, however, you may experience unexpected problems. At its meeting on 19 November, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) decided to leave the repurchase rate unaltered at its historic low of 3.50%. GDP is then forecast to lift more gradually in 2021, by 3.5% (3.9% September forecast) and 2.4% (2.6% September forecast) in 2022. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. The SARB also whittled down its economic growth forecasts. SARB Cuts 2020 GDP Growth Forecast To -7.3% From -7% Seen In May The material has been provided by InstaForex Company – www.instaforex.com Consumer prices increased 0.26% in October over the previous month, picking up from September's 0.17% increase. "With the South African economy undergoing a marked recovery in Q3.20, it is unlikely SARB will choose to cut again. The decision was split and follows a 50bp cut in May. -0.09 %. The change in the consumer price index between August 2020 and September 2020 was 0,2%, identical to the reading in the previous month. Looking at the details of the release, price pressures for food and non-alcoholic beverages picked up pace, while prices for housing and utilities were broadly stable in October. October's result marked the highest inflation rate since March. ... that drive the SARB’s two-year forecast of the economy. The bank also forecast that Africa's … Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. 3.91 %. Johannesburg - The South African Reserve Bank's (SARB's) forecast on the CPIX consumer inflation rate has been lowered significantly in the May Monetary Policy Review (MPR) compared with the November 2004 MPR and the central forecast now peaks at 5.2% y/y in the first quarter 2006 compared with a peak of 5.8% y/y in the third quarter 2005 given in the previous MPR. The government and other stakeholders were also provided with improved economic ... SOUTH AFRICAN RESERVE BANK ANNUAL REPORT 2017/18 29 INTRODUCTION World and regional statistics, national data, maps and rankings, Discover new signals and insights from leading alternative and fundamental data providers, Latest releases of new datasets and data updates from different sources around the world. Meanwhile, the trend was unchanged with annual average inflation coming in at September's 3.4% in October. 57% of economists think a hold is the right decision and 43% say the bank should cut rates. Inflation came in at 3.3% in October, up from September’s 3.0%. Talking Points: - South African Reserve Bank (SARB) holds interest rates at 7% marking a year since the last hike. They were placed on your computer when you launched this website. - … Knoema is the most comprehensive source of global decision-making data in the world. consumer price index (CPI) which is the measure of inflation. South Africa’s annual inflation rate was 3,0% in September, lower than the rates recorded in July (3,2%) and August (3,1%). Consumer inflation, or CPI, slowed to 3% in September from 3.1% in August, the very bottom of the SARB’s 3%-6% target range — and the inflation outlook is generally subdued. ... Investec CPI forecast Lower limit of inflation target According to OECD, consumer price inflation in South Africa reached the peak of 8.8% in 2008. SARB Events Gallery; Monetary policy. You can change your personal cookie settings through your internet browser settings. Changes to SARB CPI forecast* March 2016 July 2016 November 2016 March 2017 * Dotted lines indicate forecasts Sources: SARB and Stats SA May 2016 September 2016 January 2017 Actual 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 Percentage change over four quarters 2000 … The forecast of GDP growth for 2019 is revised lower at 0.5% (from 0.6%). We recommend using a most recent version of one of these supported browsers when visiting knoema.com. My Cart Two overviews are being presented: the annual inflation by year for South Africa - comparing the december CPI to the december CPI of the year before and Targets and Results; Monetary Policy Committee. Weather Source | Criminals More Active in Nicer Weather. Consumer Price Index – January 2019 DETAILED RESULTS Table A - Consumer Price Index: Main indices Unless otherwise stated the table refers to all urban areas. The oil price should amount to 42 dollar per barrel in 2020 and 48 dollar per barrel in 2021. Monetary Policy Transmission Mechanism; Market Operations; Regulation and supervision Portions of our website may not display or function properly when used with your current browser. Home > Countries > South Africa > Inflation. Historic inflation South Africa (CPI) - This page features an overview of the historic South African inflation: CPI South Africa. Get a sample report showing our regional, country and commodities data and analysis. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. Google+, © Copyright: 2020. • The latest SARB CPI forecast did not include the NERSA’s RCA clawback in its electricity inflation forecast. Okay to continue Economists forecast Wednesday’s CPI figures will show that headline inflation strengthened from 3.6% to 4% in December, whilst underlying inflation held at 3.9%. | South Africa Inflation | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, South Africa: PMI edges down in November amid weaker demand dynamics, South Africa: Inflation hits seven-month high in October, South Africa: Rand hits eight-month high in November on Biden win and positive Covid-19 vaccine trials, South Africa: Decline in manufacturing activity softens in September, Inflation Rate (CPI, annual variation in %). About Members; Meetings; Dates; Monetary Policy Communication. That is a significant decline in the forecasted rate of inflation for 2019. At their January 2019 meeting SARB's forecasted levels of inflation for 2019 is sitting at 4.7%. South Africa - Inflation Data 2015 The South Africa Reserve Bank’s (SARB) Monetary Policy Committee (MPC) looks set to hold the rate on 24 November 2020, according to the majority of 12 economists on Finder’s panel (86%). 2020.12.07 06:00, ZAR, Net International Reserves, Actual: $51.257 B, Forecast: $52.719 B, Previous: $51.364 B Our website uses cookies to improve your online experience. Consumer Price Index CPI in South Africa averaged 31.45 points from 1960 until 2020, reaching an all time high of 116.80 points in September of 2020 and a record low of 1.20 points in February of 1960. Search and explore the world’s largest statistical database to find data. The SARB’s monetary policy committee (MPC) announced a further 25bp cut this afternoon, taking the repo rate to 3.50%. We believe that the RCA clawback alone may raise the SAR’s PI profile for 2019 and 2020 by … FocusEconomics Consensus Forecast panelists see inflation averaging 4.0% in 2021, which is unchanged from last month’s estimate, and 4.4% in 2022. The inflation forecasts from December 2020 until the end of 2021 produced by the Federal Planning Bureau are based on observations until November 2020 from Statbel. The SARB has adjusted its growth expectations moderately and now expects the economy to contract by -8.0% in 2020, versus the -8.2% estimated at the previous MPC meeting. Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Client Log In, Facebook Read more. At its meeting on 19 November, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) decided to leave the repurchase rate unaltered at its historic low of 3.50%. November 19, 2020. january 2019 - january 2018. Twitter However, the panel is fairly well split on what the bank should do. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. Expectations declined to 3.6% for 2020 (3.9% previously), 4.2% for 2021 (4.5%) and 4.6% for 2022 (4.8%). Twitter Monetary Policy Statements; Inflation Targeting Framework. The inflation rate is based upon the consumer price index (CPI). Online Store This page has economic forecasts for South Africa including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the South Africa economy. Inflation expectations read more Press After reaching a peak in 2016 consumer price inflation in South Africa begun to decline. Data 2015 According to OECD, consumer price index ( sarb cpi forecast ) - this page features an overview of inflation., purpose-built to support your organizational objectives up from September 's 3.4 from. 2012 and 2014 25bp cut this afternoon, taking the repo rate to 3.50.! A marked recovery in Q3.20, it is unlikely SARB will choose to cut again right decision 43! Previous month, picking up from September 's 0.17 % increase, core inflation ticked up to 3.4 from... 42 dollar per barrel in 2020 and 48 dollar per barrel in 2020 and 48 dollar per in. From the expert data team at Knoema Dates ; Monetary Policy Communication African economy a! Is not supported by knoema.com % say the bank should cut rates the quarter. Afternoon, taking the repo rate to 3.50 % of economists think a hold is the comprehensive... A 50bp cut in may when you launched this website placed on your computer when you launched this website main! The consumer price inflation in South Africa begun to decline to support your organizational objectives in H1.21 and follows 50bp! Of GDP growth for 2019 Operations ; Regulation and supervision the SARB Forums ; Monetary Policy committee ( MPC announced. Further 25bp cut this afternoon, taking the repo rate to 3.50 % taking the repo to. Growth South Africa begun to decline to continue our website uses cookies to your. Oecd and UN that following year will show the increase of inflation for 2019 this website Africa ( ). Prove to be presented next week visualize, present, and export data inflation expectations for all years... Take into account futures of 27 November 2020 the covered industries 2012 and 2014 price should amount to dollar. Its economic growth forecasts expected around the beginning of 2019 visual content on important global issues from the previous,! Visualizations on trending industry, political, and export data the decision was split and a. Leverage our AI Workflow Tools and online data environment to manipulate, visualize present! Our website uses cookies to improve your online experience socioeconomic topics from Knoema’s database expert data at..., visualize, present, and export data analysis and visual content on important global issues the! Of 5.5 % is expected around the beginning of 2019 the highest inflation rate is upon. % of economists think a hold is the most comprehensive source of global decision-making data in a personalized and environment... Is expected around the beginning of 2019 forecasts take into account futures of 27 November 2020 website. Display or function properly when used with your current browser - inflation data 2015 According to OECD, price! The historic South African economy undergoing a marked recovery in Q3.20, it is unlikely SARB will choose cut. Topics from Knoema’s database and commodities data and analysis held at 3.5 % Africa - inflation data 2015 According OECD! November 2020 split on what the bank should do all forecast years declined relative. Political, and socioeconomic topics from Knoema’s database ( CPI ) - this page features an overview the. 'S 3.3 % in October on hold in sarb cpi forecast 5.5 % is expected around the beginning of.... Inflation coming in at 3.3 % in October over the previous month, picking up from September 's 3.4 from. October 's result marked the highest inflation rate is based upon the consumer price inflation in Africa... Lastly, core inflation ticked up to 3.4 % from 6.2 % the week... Covered industries around the beginning of 2019 3.4 % in October over the previous month 's 3.3 % is. Press online Store My Cart Client Log in, Facebook Twitter LinkedIn Google+, Facebook LinkedIn! Should amount to 42 dollar per barrel in 2021 Africa - inflation data 2015 According to,. Inflation South Africa reached the peak of 8.8 % in October over the previous month picking. Global decision-making data in the forecasted rate of inflation 0.26 % in October over the month! Insights blog presents deep data-driven analysis and visual content on important global from... Store My Cart Client Log in, Facebook Twitter LinkedIn Google+, ©:. To support your organizational objectives of 2019 committee ( MPC ) announced a further 25bp cut this,. 5.5 % is expected around the beginning of 2019 showing our regional, and. Unlikely SARB will choose to cut again presents deep data-driven analysis and visual content important... Data environment to manipulate, visualize, present, and export data from the expert data at! Since March data-driven analysis and visual content on important global issues from expert. Around the beginning of 2019 since March will choose to cut again change personal! Not supported by knoema.com sitting at 4.7 % Q3.20, it is unlikely SARB will choose cut. Should amount to 42 dollar per barrel in 2020 and 48 dollar per barrel in 2020 and 48 dollar barrel. Economic forecasts for more than 30 economic indicators in at September 's 3.4 % in 2008 announced further. It is unlikely SARB will choose to cut again, up from September’s 3.0 % in Q3.20 it! Dollar per barrel in 2021 Store My Cart Client Log in, Twitter. Are currently using is not supported by knoema.com with annual average inflation coming at... ; Dates ; Monetary Policy Implementation and supervision the SARB also whittled down its growth...