Inflation Expectations

Inflation expectations
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Inflation Expectations

To help carry out its inflation targeting mandate, the South African Reserve Bank (SARB) commissioned the BER in 2001 to conduct a quarterly inflation expectations survey. Four social groups are covered in the survey, namely financial analysts, business people, trade union officials and households. The results of the Inflation Expectations Survey are provided in a quarterly report that is accompanied by an excel file containing the historic survey data. The inflation expectations for the current and next two years and forecast of various other economic variables (such as economic growth, the rand / dollar exchange rate and wage increases) of financial analysts, business people, trade union officials and households are available separately. Click here for information on the survey method.

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Inflation Expectations (History Data), 2024

Date Uploaded: September 12 2024 10:00


The average inflation expectations of analysts, business people and trade unions declined again during the third quarter survey. They now expect headline inflation to be 5.1% this year, before subsiding to 4.8% in both 2025 and 2026. In the second quarter they still expected consumer inflation to register 5.3% this year and fall to 4.9% in 2026.