Education inflation analysis for Jan 2025
Education key statistics
What is happening to Education prices? 📈
Speeding Up or Slowing Down?
Year-on-year Education inflation rate vs CPI headline
Highlights
What happened to Education prices over the last twelve months?
Education prices have increased by 6,4% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Education price inflation compare to headline CPI and other major sectors?
| Basket | 12m change | |
|---|---|---|
| 1 | Education | 6,4% |
| 2 | Personal care and miscellaneous services | 5,9% |
| 3 | Restaurants and accommodation services | 4,9% |
| 4 | Housing and utilities | 4,5% |
| 5 | Health | 4,4% |
| 6 | Alcoholic beverages and tobacco | 4,3% |
| 7 | CPI Headline | 3,2% |
| 8 | Food and non alcoholic beverages | 2,3% |
| 9 | Furnishings, household equipment and routine maintenance | 1,8% |
| 10 | Clothing and footwear | 1,5% |
| 11 | Recreation, sport and culture | 1,5% |
| 12 | Transport | -0,2% |
| 13 | Information and communication | -0,5% |
Education ranks 1 out of 13 major sectors, with a 6,4% price increase over the past 12 months. This is above the overall consumer price inflation rate of 3,2%, indicating that Education prices are rising faster than most other consumer goods and services.
Is Education price inflation accelerating or slowing down?
What was the inflation rate in Education in previous month?
Previous, year-on-year inflation in Education came in at 6,4% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 6,4%. That means, we have seen a cost deceleration compared to the previous 12 months.
How has the inflation rate in Education changed over the last two years?
If we look back over a longer period, we see that Education year-on-year inflation has been averaging 6,0% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 6,4%. That means, Education most recent year-on-year price inflation of 6,4% is below the average inflation rate of 7,3% over the past 2 years. The trend is down.
How does 6,4% in Education inflation compare historically? Has Education inflation been higher or lower historically?
How much did Education cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 940 | 6,4% |
| 2 years ago | 889 | 12,5% |
| 5 years ago | 769 | 30,0% |
| 10 years ago | 553 | 80,8% |
Costs relating to Education which cost R1,000 today would have cost you R940 one year ago, R889 two years ago, and R769 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Education prices.