Housing and utilities inflation analysis for Jan 2025
Housing and utilities key statistics
What is happening to Housing and utilities prices? 📈
Speeding Up or Slowing Down?
Year-on-year Housing and utilities inflation rate vs CPI headline
Highlights
What happened to Housing and utilities prices over the last twelve months?
Housing and utilities 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 Housing and utilities 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% |
Housing and utilities ranks 4 out of 13 major sectors, with a 4,5% price increase over the past 12 months. This is above the overall consumer price inflation rate of 3,2%, indicating that Housing and utilities prices are rising faster than most other consumer goods and services.
Is Housing and utilities price inflation accelerating or slowing down?
What was the inflation rate in Housing and utilities in previous month?
Previous, year-on-year inflation in Housing and utilities came in at 4,4% (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 Housing and utilities changed over the last two years?
If we look back over a longer period, we see that Housing and utilities year-on-year inflation has been averaging 5,0% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 4,5%. That means, Housing and utilities most recent year-on-year price inflation of 4,5% is below the average inflation rate of 5,4% over the past 2 years. The trend is up.
How does 4,5% in Housing and utilities inflation compare historically? Has Housing and utilities inflation been higher or lower historically?
How much did Housing and utilities cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 957 | 4,5% |
| 2 years ago | 906 | 10,4% |
| 5 years ago | 813 | 23,0% |
| 10 years ago | 627 | 59,4% |
Costs relating to Housing and utilities which cost R1,000 today would have cost you R957 one year ago, R906 two years ago, and R813 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Housing and utilities prices.