Health services inflation analysis for Jan 2025

Last updated Feb 2025 by Walter (source: StatSSA)

Health services key statistics

What is happening to Health services prices? 📈

5,0% over 12 months
vs historical average of 6,2%
Running below historical average 🐌

Speeding Up or Slowing Down?

Decelerating 🐌
Current: 5,0% vs Previous: 5,0%

Year-on-year Health services inflation rate vs CPI headline

What happened to Health services prices over the last twelve months?

Health services prices have increased by 5,0% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.

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

Basket 12m change
1 Electricity, gas and other fuels 11,8%
2 Non-alcoholic beverages 9,0%
3 Accommodation services 8,2%
4 Insurance 8,0%
5 Primary and secondary education 6,6%
6 Tertiary education 5,9%
7 Water supply and miscellaneous services 5,5%
8 Health services 5,0%
9 Tobacco 4,8%
10 Restaurants 4,0%
11 Alcoholic beverages 3,9%
12 Goods and services for routine household maintenance 3,5%
13 Medicines and health products 3,4%
14 Newspapers, books and stationery 3,3%
15 CPI Headline 3,2%
16 Recreational and cultural services 2,5%
17 Purchase of vehicles 2,4%
18 Owners equivalent rent 2,4%
19 Footwear 1,8%
20 Clothing 1,5%
21 Food 1,5%
22 Maintenance and repair 1,3%
23 Information and communication services 0,8%
24 Passenger transport services 0,7%
25 Furniture, furnishings and loose carpets -0,9%
26 Recreational goods -2,2%
27 Household textiles, appliances, tableware and equipment -2,7%
28 Package holidays -2,9%
29 Operation of personal transport equipment -3,1%
30 Information and communication equipment -15,5%

Health services ranks 8 out of 30 major sectors, with a 5,0% price increase over the past 12 months. This is above the overall consumer price inflation rate of 3,2%, indicating that Health services prices are rising faster than most other consumer goods and services.

Is Health services price inflation accelerating or slowing down?

What was the inflation rate in Health services in previous month?

Previous, year-on-year inflation in Health services came in at 5,0% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 5,0%. That means, we have seen a cost deceleration compared to the previous 12 months.

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

If we look back over a longer period, we see that Health services year-on-year inflation has been averaging 5,3% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 5,0%. That means, Health services most recent year-on-year price inflation of 5,0% is below the average inflation rate of 6,2% over the past 2 years. The trend is down.

How does 5,0% in Health services inflation compare historically? Has Health services inflation been higher or lower historically?

The most recent year-on-year inflation rate in Invalid Date was 5,0%.
The lowest year-on-year inflation rate was 3,3% in Invalid Date.
The highest year-on-year inflation rate was 10,7% in Invalid Date.
The historical year-on-year average inflation rate for Health services is 6,2%.

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

Period Rand amount Total Change
Current 1 000 -
1 year ago 952 5,0%
2 years ago 902 10,9%
5 years ago 791 26,4%
10 years ago 588 70,1%

Costs relating to Health services which cost R1,000 today would have cost you R952 one year ago, R902 two years ago, and R791 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Health services prices.