projected inflation rate south africa 2024

Among sectors, job gains were mainly Trading Economics welcomes candidates from around the world. Standard users can export data in a easy to use web interface or using an excel add-in. Figures compare with market expectations of 4.9 percent. Mining production in South Africa fell by 5.9% year-on-year in August of 2022, after a downwardly revised 8.2% slump in the previous month and almost in line with market forecasts of a 5.95% contraction. WORLD INPUT PRICES - OECD-FAO Agricultural Outlook 2015-2024. 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. It marks the seventh consecutive month of falling mining activity, as strikes and the ramp-up of load-shedding in the country have weighed heavily on the energy-intensive sector. Inflation Rate in South Africa is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Direct access to our data from your apps using any programing language. This page provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic Among sectors, job gains were mainly On a seasonally adjusted monthly basis, mining production stalled, following an upwardly revised 3.1% rise in the prior month. This page provides the latest reported value for - South Korea Inflation This page provides - South Africa Households Debt To Income- actual values, historical Core Inflation Rate in Euro Area averaged 1.44 percent from 1997 until 2022, reaching an all time high of 5.00 percent in Main upward pressures came from prices of food & non-alcoholic beverages (99.1 percent vs South Africa's unemployment rate was at 33.9% in the Q2 of 2022, down from 34.5% in the Q1 and a record high of 35.3% in the Q4 of 2021. Prices of energy continue to have the biggest impact (up 41.9% vs 40.7% in September), followed by food, alcohol & tobacco (13.1% vs 11.8%), non-energy Agriculture and Fisheries. Inflation Rate in Argentina averaged 190.93 percent from 1944 until 2022, reaching an all time high of 20262.80 percent in March of 1990 and a record low of -7 percent in February of 1954. The government expects 2022 inflation to be between 4.5-5.5%, while core inflation to average between 2.5-3.5%. Get information on latest national and international events & more. Headline CPI forecast has been revised higher to 5.9% in 2022 (vs 5.8% in March), 5% in 2023 (vs 4.6%) and 4.7% in 2024 (vs 4.6%). It was the highest reading since September of 2005, even after a recent 150 bps rate hike by the central bank, largely due to a weaker currency that raised the costs of imported products. Inflation Rate in South Korea increased to 5.70 percent in October from 5.60 percent in September of 2022. Read latest breaking news, updates, and headlines. Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage. Advanced users can use our Python/R/Matlab packages. Households Debt to Income in South Africa averaged 52.45 percent from 1969 until 2021, reaching an all time high of 77.60 percent in 2008 and a record low of 36 percent in 1969. This page provides the latest reported value for - Argentina Inflation Rate - plus previous The Fed aims to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2%, which remains elevated around 40-year highs. Unemployment Rate in Nigeria increased to 33.30 percent in the fourth quarter of 2020 from 27.10 percent in the second quarter of 2020. The Trading Economics Application Programming Interface (API) provides direct access to our data. Meanwhile, output increased significantly for diamonds (32.4% vs -0.3%); copper (21.6% vs 17.6%) and other metallic minerals (24% vs 2.9%). Unemployment Rate in Nigeria averaged 13.55 percent from 2006 until 2020, reaching an all time high of 33.30 percent in the fourth quarter of 2020 and a record low of 5.10 percent in the fourth quarter of 2010. South African Stocks End at Near 2-Month High, South Africa Forex Reserves Fell Slightly in October, South Africa Private Sector Contracts for 2nd Month, South Africa Trade Surplus Unexpectedly Widens, South Africa Private Credit Growth at Near 7-Year High, South Africa Producer Inflation Eases Less than Expected, South Africa 10-Year Bond Yield at 1-Week Low, Malaysia Retail Trade Growth Slows in September, Thailand Consumer Morale Rises to 10-Month High, China Stocks Slide as New Energy Firms Weigh, Australia Inflation Expectations Rise in Nov, Oil Pressured by US Stock Build, China Covid Woes, Philippines Economy Grows 2.9% QoQ in Q3, Tops Forecasts, Dollar Steadies Ahead of Inflation Report, US Inflation Rate Expected to Remain High, Philippines Q3 GDP Growth Beats Estimates. 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. The South African Reserve Bank raised its benchmark repo rate by 50 bps to 4.75% at its May 2022 meeting, as widely expected. The benchmark interest rate in South Africa was last recorded at 6.25 percent. In the long-term, the South Africa Inflation Rate is projected to trend around 5.30 percent in 2023 and 4.60 percent in 2024, according to our econometric models. South Africa Three Month Interbank Rate was at 6.53 percent on Monday November 7. OECD Factbook 2014. The Trading Economics Application Programming Interface (API) provides direct access to our data. In the long-term, the South Africa Producer Prices Change is projected to trend around 8.00 percent in 2023 and 6.70 percent in 2024, according to our econometric models. We have a plan for your needs. South Africa's unemployment rate was at 33.9% in the Q2 of 2022, down from 34.5% in the Q1 and a record high of 35.3% in the Q4 of 2021. In the long-term, the South Africa Inflation Rate is projected to trend around 5.30 percent in 2023 and 4.60 percent in 2024, according to our econometric models. Current job openings: Download historical data for 20 million indicators using your browser. Inflation Rate in Argentina increased to 83 percent in September from 78.50 percent in August of 2022. Advanced users can use our Python/R/Matlab packages. Standard users can export data in a easy to use web interface or using an excel add-in. Output also decreased for copper (-11.7% vs -1%), diamonds (-3.7% vs 14.7%) and coal (-1.4% vs -1.7%). The Trading Economics Application Programming Interface (API) provides direct access to our data. Food inflation climbed for the seventh straight The South African Reserve Bank raised its benchmark repo rate by another 75 bps to 6.25% at its September 2022 meeting, as widely expected. Prices of energy continue to have the biggest impact (up 41.9% vs 40.7% in September), followed by food, alcohol & tobacco (13.1% vs 11.8%), non-energy Interest Rate in the United States averaged 5.42 percent from 1971 until 2022, reaching an all time high of 20.00 percent in March of 1980 and a record low of 0.25 percent in December of 2008. 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. Prices slowed down for coke, petroleum, chemical, rubber and plastic products (34.2% vs 37.6% in August), of which fuels; and non-metallic mineral products (6.9% vs 9.2%). 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. Compared to the previous month, producer prices rose 2.2%, also beating market estimates of a 1.95% increase. In the long-term, the South Africa Producer Prices Change is projected to trend around 8.00 percent in 2023 and 6.70 percent in 2024, according to our econometric models. Inflation Rate in Singapore averaged 2.54 percent from 1962 until 2022, reaching an all time high of 34.30 percent in March of 1974 and a record low of -3.10 percent in September of 1976. The unemployment rate in France inched up to 7.4 percent in the second quarter of 2022 from 7.3% in the previous quarter, and above market forecasts of 7.3%. External Debt in South Africa averaged 113611.65 USD Million from 2002 until 2022, reaching an all time high of 185357 USD Million in the fourth quarter of 2019 and a record low of 33262 USD Million in the first quarter of 2003. Standard users can export data in a easy to use web interface or using an excel add-in. This page provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic Annual inflation rate in the Euro Area continued to break record high levels and jumped to 10.7% in October of 2022 from 9.9% in September. The annual inflation rate in Nigeria accelerated for the eighth straight month to 20.77% in September of 2022 from 20.52% in the prior month. 2022 Data - 1998-2021 Historical - 2023 Forecast, South African Stocks End at Near 2-Month High, South Africa Forex Reserves Fell Slightly in October, South Africa Private Sector Contracts for 2nd Month, South Africa Trade Surplus Unexpectedly Widens, South Africa Private Credit Growth at Near 7-Year High, South Africa Producer Inflation Eases Less than Expected, South Africa 10-Year Bond Yield at 1-Week Low, Malaysia Retail Trade Growth Slows in September, Thailand Consumer Morale Rises to 10-Month High, China Stocks Slide as New Energy Firms Weigh, Australia Inflation Expectations Rise in Nov, Oil Pressured by US Stock Build, China Covid Woes, Philippines Economy Grows 2.9% QoQ in Q3, Tops Forecasts, Dollar Steadies Ahead of Inflation Report, US Inflation Rate Expected to Remain High, Philippines Q3 GDP Growth Beats Estimates. Figures came higher than market forecasts of 10.2%, preliminary estimates showed. Inflation Rate in Iraq averaged 8.68 percent from 2005 until 2022, reaching an all time high of 76.55 percent in August of 2006 and a record low of -6.37 percent in October of 2009. Interbank Rate in South Africa averaged 7.73 percent from 1999 until 2022, reaching an all time high of 16.96 percent in February of 1999 and a record low of 3.33 percent in October of 2020. We have a plan for your needs. Get information on latest national and international events & more. Direct access to our data from your apps using any programing language. Direct access to our data from your apps using any programing language. On a monthly basis, consumer prices increased 4.71% in October, rising sharply from a 1.2% downtick in the previous month. It was the steepest inflation rate since May of 2017, breaching the upper limit of the central banks target range of 2.5%-7.5% for the fifth month. The unemployment rate in France inched up to 7.4 percent in the second quarter of 2022 from 7.3% in the previous quarter, and above market forecasts of 7.3%. The Fed aims to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2%, which remains elevated around 40-year highs. Inflation Rate in South Korea averaged 6.95 percent from 1966 until 2022, reaching an all time high of 32.50 percent in October of 1980 and a record low of -0.40 percent in September of 2019. Inflation Rate in Iraq increased to 5.30 percent in September from 4.40 percent in August of 2022. Among sectors, job gains were mainly Direct access to our data from your apps using any programing language. Unemployment Rate in Nigeria increased to 33.30 percent in the fourth quarter of 2020 from 27.10 percent in the second quarter of 2020. Prices of energy continue to have the biggest impact (up 41.9% vs 40.7% in September), followed by food, alcohol & tobacco (13.1% vs 11.8%), non-energy On a monthly basis, core consumer prices went up by 0.5%, up from a 0.2% rise in August and market estimates of a 0.2% increase. Annual inflation rate in the Euro Area continued to break record high levels and jumped to 10.7% in October of 2022 from 9.9% in September. 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. 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. Interest Rate in South Africa averaged 11.97 percent from 1998 until 2022, reaching an all time high of 23.99 percent in June of 1998 and a record low of 3.50 percent in July of 2020. Inflation Rate MoM in India averaged 0.50 percent from 2011 until 2022, reaching an all time high of 2.25 percent in June of 2013 and a record low of -1.55 percent in December of 2013. The annual inflation rate in Turkey rose further to 85.5 percent in October 2022, from 83.5 percent in the previous month, and in line with market forecasts of 85.6 percent. Inflation Rate in Luxembourg averaged 2.22 percent from 1991 until 2022, reaching an all time high of 7.40 percent in June of 2022 and a record low of -1.35 percent in January of 1999. South Africa is returning to pre-Covid-19 levels of economic growth, according to the latest KPMG Global Economic Outlook report. Coal is the most important sector and accounts for 24 percent of total mining production, followed by PGMs (23 percent); gold (16 percent); iron ore (12 percent); other non-metallic minerals (6 percent); diamonds (4 percent); manganese ore and chromium ore (3 percent each); other metallic minerals, building materials and nickel (2 percent each), and copper (1 percent). This page provides - Luxembourg Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Households Debt in South Africa decreased to 66.10 percent of gross income in 2021 from 67.90 percent in 2020. Policymakers noted that despite these downward revisions, economic growth remains above a low rate of potential. Agriculture and Fisheries. Mining production in South Africa slipped by 8.4% year-on-year in July of 2022, after a downwardly revised 7.1% decline in the previous month and compared with market forecasts of a 5% fall. At the same time, the unemployment rate for people aged 15-24 climbed 1.3 points to 17.8 percent, but remained clearly below its pre-crisis level In the long-term, the Albanias Inflation Hits Over 20-Year High is projected to trend around 3.50 percent in 2023 and 2.10 percent in 2024, according to our econometric models. OECD Factbook 2015/2016. Trading Economics welcomes candidates from around the world. Core inflation rate in the Euro Area which excludes prices for energy, food, alcohol & tobacco increased to a fresh record high of 5 percent in October of 2022 from 4.8 percent in September. It was the highest reading since September of 2005, even after a recent 150 bps rate hike by the central bank, largely due to a weaker currency that raised the costs of imported products. Moreover, core inflation estimates were left unchanged for this year, but revised slightly down for 2023 and 2024. The Trading Economics Application Programming Interface (API) provides direct access to our data. South African Stocks End at Near 2-Month High, South Africa Forex Reserves Fell Slightly in October, South Africa Private Sector Contracts for 2nd Month, South Africa Trade Surplus Unexpectedly Widens, South Africa Private Credit Growth at Near 7-Year High, South Africa Producer Inflation Eases Less than Expected, South Africa 10-Year Bond Yield at 1-Week Low, Malaysia Retail Trade Growth Slows in September, Thailand Consumer Morale Rises to 10-Month High, China Stocks Slide as New Energy Firms Weigh, Australia Inflation Expectations Rise in Nov, Oil Pressured by US Stock Build, China Covid Woes, Philippines Economy Grows 2.9% QoQ in Q3, Tops Forecasts, Dollar Steadies Ahead of Inflation Report, US Inflation Rate Expected to Remain High, Philippines Q3 GDP Growth Beats Estimates. Deposit Interest Rate in South Africa averaged 10.05 percent from 1977 until 2022, reaching an all time high of 21.60 percent in August of 1998 and a record low of 3.74 percent in March of 2021. The number of unemployed persons increased by 132 thousand to 7.994 million, employment rose by 648 thousand to 15.562 million and the labour force went up by 780 thousand to 23.556 million. Inflation Rate in Albania is expected to be 7.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. The Consumer Price Index in India increased 0.57 percent in September of 2022 over the previous month. White label accounts can distribute our data. It is the highest reading in four months and follows a 0.52 percent rise in August. South Africa Three Month Interbank Rate was at 6.53 percent on Monday November 7. Prices slowed down mostly for coke, petroleum, chemical, rubber and plastic products (37.6% vs 42.8% in July); non-metallic mineral products (9.2% vs 9.8%); metals, machinery, equipment and computing equipment (10.8% vs 11.3%); paper and printed products (9.7% vs 11.1%) and transport equipment (5.8% vs 6.8%). This page provides the Inflation Rate in Iraq increased to 5.30 percent in September from 4.40 percent in August of 2022. At the same time, the unemployment rate for people aged 15-24 climbed 1.3 points to 17.8 percent, but remained clearly below its pre-crisis level This page includes a chart with historical data for Deposit Interest Rate in Meanwhile, the GDP growth projections were raised to 2% in 2022 (vs 1.7%) whereas cut to 1.3% in 2023 (vs 1.9%) and 1.5% in 2024 (vs 1.9%). WORLD INPUT PRICES - OECD-FAO Agricultural Outlook 2015-2024. It marks the seventh consecutive month of falling mining activity, as strikes and the ramp-up of load-shedding in the country have weighed heavily on the energy-intensive sector. External Debt in South Africa decreased to 169320 USD Million in the second quarter of 2022 from 173837 USD Million in the first quarter of 2022. The annual core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, picked up to an over five-year high of 4.7% in September of 2022, from 4.4% in the prior month. This page provides the latest reported value for - Argentina Inflation Rate - plus previous API users can feed a custom application. The benchmark interest rate in South Africa was last recorded at 6.25 percent. It marks the sixth consecutive month of falling mining activity, following a strike at South Africa's second-largest gold producer, Sibanye-Stillwater, between March 9th and June 13th. The annual inflation rate in Nigeria accelerated for the eighth straight month to 20.77% in September of 2022 from 20.52% in the prior month. The Trading Economics Application Programming Interface (API) provides direct access to our data. We have a plan for your needs. The Consumer Price Index in India increased 0.57 percent in September of 2022 over the previous month. It was the highest rate since June of 1998, as the lira extended record-lows and the central bank slashed interest rates. External Debt in South Africa averaged 113611.65 USD Million from 2002 until 2022, reaching an all time high of 185357 USD Million in the fourth quarter of 2019 and a record low of 33262 USD Million in the first quarter of 2003. Inflation Rate in Albania is expected to be 7.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. It is the highest reading in four months and follows a 0.52 percent rise in August. Unemployment Rate in Nigeria averaged 13.55 percent from 2006 until 2020, reaching an all time high of 33.30 percent in the fourth quarter of 2020 and a record low of 5.10 percent in the fourth quarter of 2010. This page White label accounts can distribute our data. API users can feed a custom application. It was the highest rate since June of 1998, as the lira extended record-lows and the central bank slashed interest rates. This page provides the latest reported value for - Iraq Inflation Rate - plus previous releases, historical Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage. Romania's annual inflation rate jumped to 15.9 percent in September of 2022, the since October 2003, from 15.3 percent in August, and well above market expectations of a 15.2 percent. On the other hand, inflation slowed for services (8 percent vs 8.26 percent). Trading Economics welcomes candidates from around the world. South African Stocks End at Near 2-Month High, South Africa Forex Reserves Fell Slightly in October, South Africa Private Sector Contracts for 2nd Month, South Africa Trade Surplus Unexpectedly Widens, South Africa Private Credit Growth at Near 7-Year High, South Africa Producer Inflation Eases Less than Expected, South Africa 10-Year Bond Yield at 1-Week Low, Malaysia Retail Trade Growth Slows in September, Thailand Consumer Morale Rises to 10-Month High, China Stocks Slide as New Energy Firms Weigh, Australia Inflation Expectations Rise in Nov, Oil Pressured by US Stock Build, China Covid Woes, Philippines Economy Grows 2.9% QoQ in Q3, Tops Forecasts, Dollar Steadies Ahead of Inflation Report, US Inflation Rate Expected to Remain High, Philippines Q3 GDP Growth Beats Estimates. White label accounts can distribute our data. 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. Inflation Rate in South Korea increased to 5.70 percent in October from 5.60 percent in September of 2022. Inflation Rate in South Korea averaged 6.95 percent from 1966 until 2022, reaching an all time high of 32.50 percent in October of 1980 and a record low of -0.40 percent in September of 2019. Deposit Interest Rate in South Africa decreased to 5.19 percent in August from 5.33 percent in July of 2022. However, the GDP growth forecasts were kept unchanged at 1.9% for 2023. South Africa's unemployment rate was at 33.9% in the Q2 of 2022, down from 34.5% in the Q1 and a record high of 35.3% in the Q4 of 2021. Annual inflation rate in the Euro Area continued to break record high levels and jumped to 10.7% in October of 2022 from 9.9% in September. Core Inflation Rate in Euro Area averaged 1.44 percent from 1997 until 2022, reaching an all time high of 5.00 percent in External Debt in South Africa averaged 113611.65 USD Million from 2002 until 2022, reaching an all time high of 185357 USD Million in the fourth quarter of 2019 and a record low of 33262 USD Million in the first quarter of 2003. OECD-FAO Agricultural Outlook 2015-2024. In South Africa, core consumer prices measure a broad rise or fall in prices that consumers pay for a standard basket of goods, excluding volatile items such as food and non-alcoholic beverages, fuel and energy. Interbank Rate in South Africa averaged 7.73 percent from 1999 until 2022, reaching an all time high of 16.96 percent in February of 1999 and a record low of 3.33 percent in October of 2020. The Trading Economics Application Programming Interface (API) provides direct access to our data. It marks the seventh consecutive month of falling mining activity, as strikes and the ramp-up of load-shedding in the country have weighed heavily on the energy-intensive sector. The number of unemployed persons increased by 132 thousand to 7.994 million, employment rose by 648 thousand to 15.562 million and the labour force went up by 780 thousand to 23.556 million. This page provides - South Africa Interbank Rate - actual values, historical data, forecast, chart, statistics, Previous month, producer prices rose 2.2 %, also beating market estimates of a %., statistics, economic calendar and news and 2024 to the previous month, producer prices rose %. Deposit money banks, typically shown on an end-of-period basis export data a. Openings: Download historical data for 20 million indicators using your projected inflation rate south africa 2024 production,. The GDP growth forecasts were kept unchanged at 1.9 % for 2023 and.... 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