Inflation South Africa 2014
Average inflation: 6.1%
Current Inflation
Inflation is very high at 6.1%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 6.8%. The lowest inflation was in December at 5.5%.
- Highest month
- June: 6.8%
- Lowest month
- December: 5.5%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 8.8%. The lowest price increase was in Communication with an average of -0.7%.
- Highest increase
- Education: 8.8%
- Lowest increase
- Communication: -0.7%
Historical Context
Current inflation is 0.8% higher than the 5-year average of 5.3%.
- 5-year average
- 5.3%
- 10-year average
- 5.5%
- All-time high (2008)
- 9.9%
- All-time low (2004)
- -0.7%
Trend
Inflation has remained relatively stable. Compared to 2013, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- June: +1.4 percentage points
ECB Target
Inflation is 4.1% 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 €106.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 5.6% | -0.1 |
| February | 5.9% | -0.1 |
| March | 5.8% | -0.4 |
| April | 6.3% | +0.5 |
| May | 6.7% | +1.1 |
| June | 6.8% | +1.4 |
| July | 6.6% | +0.1 |
| August | 6.6% | +0.3 |
| September | 6.0% | 0.0 |
| October | 6.0% | +0.6 |
| November | 5.8% | +0.4 |
| December | 5.5% | +0.3 |
| Average | 6.1% |
Data source
Data from OECD. Last updated: 13/01/2026.