Fuel inflation analysis for Jan 2025

Last updated Feb 2025 by Walter (source: StatSSA)

Fuel key statistics

What is happening to Fuel prices? 📈

-4,5% over 12 months
vs historical average of 7,2%
Running below historical average 🐌

Speeding Up or Slowing Down?

Accelerating 🚀
Current: -4,5% vs Previous: -10,2%

Year-on-year Fuel inflation rate vs CPI headline

What happened to Fuel prices over the last twelve months?

Fuel prices have increased by -4,5% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.

How does Fuel price inflation compare to headline CPI and other major sectors?

Fuel ranks 31 out of 31 major sectors, with a -4,5% price increase over the past 12 months. This is below the overall consumer price inflation rate of 3,2%, indicating that Fuel prices are rising slower than most other consumer goods and services.

Is Fuel price inflation accelerating or slowing down?

What was the inflation rate in Fuel in previous month?

Previous, year-on-year inflation in Fuel came in at -10,2% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was -4,5%. That means, we have seen a cost acceleration compared to the previous 12 months.

How has the inflation rate in Fuel changed over the last two years?

If we look back over a longer period, we see that Fuel year-on-year inflation has been averaging -0,3% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was -4,5%. That means, Fuel most recent year-on-year price inflation of -4,5% is below the average inflation rate of 7,2% over the past 2 years. The trend is up.

How does -4,5% in Fuel inflation compare historically? Has Fuel inflation been higher or lower historically?

The most recent year-on-year inflation rate in Invalid Date was -4,5%.
The lowest year-on-year inflation rate was -26,8% in Invalid Date.
The highest year-on-year inflation rate was 56,3% in Invalid Date.
The historical year-on-year average inflation rate for Fuel is 7,2%.

How much did Fuel cost 1 year, 2 years, 5 years and 10 years ago?

Period Rand amount Total Change
Current 1 000 -
1 year ago 1 047 -4,5%
2 years ago 1 013 -1,3%
5 years ago 741 34,9%
10 years ago 511 95,5%

Costs relating to Fuel which cost R1,000 today would have cost you R1 047 one year ago, R1 013 two years ago, and R741 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Fuel prices.