Inflation Expectations

Inflation expectations
Manufacturing
Retail
Other services
Building and construction

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.

Back to Documents

Inflation Expectations, 2012 - Quarter 3

Date Uploaded: September 20 2012 15:00


The average inflation expectation for 2013-14 is virtually unchanged from the previous quarter, with the forecast for 2013 still at 6.0%, then rising to 6.2% in 2014. For 2012, respondents now expect inflation to fall below the upper end of the 3-6% target limit. Households lowered their inflation forecast for the next 12 months by 0.3 %pts to a level of 6.4%