BER Research Note

Research Notes
Comments
Impumelelo Economic Growth Lab

BER Research Note

Research Notes are more in-depth analyses undertaken by BER economists and consultants. They are intended to inform clients on critical issues in the macroeconomic environment, which may impact on the business environment. Research Notes are exclusive to BER Premium Insights Service clients. For more information, contact us.

Back to Documents

Unpacking how SA’s consumer inflation rate rose slower than the US, the UK, and the Eurozone

Date Uploaded: December 13 2022 14:30


Global inflation accelerated through the second half of 2021, and by 2022, inflation in many advanced economies spiked to multi-decade highs and central banks scrambled to bring down inflation. South Africa was no exception to this trend and saw inflation accelerate to multi-year highs through 2022. However, unlike the historic experience, South Africa’s inflation remained below some of the advanced economies. This note unpacks some of the reasons behind the recent surge in global inflation and highlights why South Africa diverged from the historical trend.