Inflation South Africa 2002
Average inflation: 9.5%
Current Inflation
Inflation is very high at 9.5%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 14.0%. The lowest inflation was in January at 5.0%.
- Highest month
- November: 14.0%
- Lowest month
- January: 5.0%
- Difference
- 9.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 17.3%. The lowest price increase was in Food and non-alcoholic beverages with an average of 17.3%.
- Highest increase
- Food and non-alcoholic beverages: 17.3%
- Lowest increase
- Food and non-alcoholic beverages: 17.3%
Historical Context
Current inflation is 3.0% higher than the 5-year average of 6.5%.
- 5-year average
- 6.5%
- 10-year average
- 7.6%
- All-time high (1986)
- 18.7%
- All-time low (2000)
- 5.3%
Trend
Inflation shows an upward trend. Compared to 2001, inflation has risen by +3.8 percentage point.
- Change vs. previous year
- +3.8 percentage points
- Largest monthly swing
- November: +9.7 percentage points
ECB Target
Inflation is 7.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €109.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 5.0% | -2.1 |
| February | 6.0% | -1.8 |
| March | 6.3% | -1.1 |
| April | 7.6% | +1.1 |
| May | 7.7% | +1.3 |
| June | 8.1% | +1.8 |
| July | 10.0% | +4.7 |
| August | 10.8% | +6.2 |
| September | 11.4% | +7.0 |
| October | 13.2% | +9.2 |
| November | 14.0% | +9.7 |
| December | 13.5% | +8.9 |
| Average | 9.5% |
Data source
Data from OECD. Last updated: 19/12/2025.