Health inflation analysis for Jan 2025
Health key statistics
What is happening to Health prices? 📈
Speeding Up or Slowing Down?
Year-on-year Health inflation rate vs CPI headline
Highlights
What happened to Health prices over the last twelve months?
Health prices have increased by 4,4% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Health 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% |
Health ranks 5 out of 13 major sectors, with a 4,4% price increase over the past 12 months. This is above the overall consumer price inflation rate of 3,2%, indicating that Health prices are rising faster than most other consumer goods and services.
Is Health price inflation accelerating or slowing down?
What was the inflation rate in Health in previous month?
Previous, year-on-year inflation in Health came in at 4,3% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 4,4%. That means, we have seen a cost acceleration compared to the previous 12 months.
How has the inflation rate in Health changed over the last two years?
If we look back over a longer period, we see that Health year-on-year inflation has been averaging 5,6% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 4,4%. That means, Health most recent year-on-year price inflation of 4,4% is below the average inflation rate of 5,7% over the past 2 years. The trend is up.
How does 4,4% in Health inflation compare historically? Has Health inflation been higher or lower historically?
How much did Health cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 958 | 4,4% |
| 2 years ago | 899 | 11,2% |
| 5 years ago | 794 | 25,9% |
| 10 years ago | 607 | 64,8% |
Costs relating to Health which cost R1,000 today would have cost you R958 one year ago, R899 two years ago, and R794 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Health prices.