South Africa's inflation rate for April 2018

Category: Inflation
Date: 23 May 2018

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In today's blog post we take a look at the latest inflation figures for South Africa (April 2018). This is the first month that the VAT increase from 14% to 15% will be included in the inflation rate. It will also include various other tax increases such as increased fuel levy, increased "sin taxes" etc. "Sin taxes" are those taxes levied on goods such as tobacco and alcohol. We also expect higher fuel prices due to higher world oil prices and a depreciating exchange rate to have an impact on the official inflation rate for April 2018

Interestingly it will also include the lack of prices for ham. polony and vienna's due to Listeriosis. Since shops pulled it off the shelf Stats SA officials cannot collect prices for these goods.

The official inflation rate for April 2018 is:  4.5% up from 3.8% in March 2018

The interactive map below shows the inflation rate over time per province.
map created with amCharts | amCharts
The table below provides a summary of the latest inflation rates per province as well as the overall official rate of inflation for South Africa. While the majority of provinces have inflation rates lower than that of the official inflation rate, provinces which makes up a large portion of the overall spending in South Africa , such as Gauteng and Western Cape, have inflation figures above the national average.

And as has been the trend in recent months, the Western Cape's inflation rate continues to outpace that of the other provinces. We really do feel for them as not only is their inflation rate the highest, but as we showed yesterday with this blog post, they pay on average the most per 330ml of beer.
Province
Inflation rate for April 2018
North West
3.4
Limpopo
3.5
Kwazulu-Natal
3.7
Mpumalanga
3.8
Northern Cape
4.0
Free State
4.0
Eastern Cape
4.5
South Africa
4.5
Gauteng
4.6
​Western Cape
5.3

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