Housing - Owners equivalent rent-Flats inflation analysis for Jan 2025
Housing - Owners equivalent rent-Flats key statistics
What is happening to Housing - Owners equivalent rent-Flats prices? 📈
Speeding Up or Slowing Down?
Year-on-year Housing - Owners equivalent rent-Flats inflation rate vs CPI headline
Highlights
What happened to Housing - Owners equivalent rent-Flats prices over the last twelve months?
Housing - Owners equivalent rent-Flats prices have increased by 2,8% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Housing - Owners equivalent rent-Flats price inflation compare to headline CPI and other major sectors?
| Basket | 12m change | |
|---|---|---|
| 1 | Hot beverages | 13,7% |
| 2 | Medical industry - Medical insurance | 10,3% |
| 3 | Education services - University boarding fees | 8,2% |
| 4 | Medical industry - Dentists | 8,1% |
| 5 | Cold beverages | 5,9% |
| 6 | Sugar, confectionery and desserts | 5,7% |
| 7 | Medical industry - Hospital services | 5,3% |
| 8 | Medical industry - Doctors | 4,7% |
| 9 | Spirits and liqueurs | 4,5% |
| 10 | Housing - Actual rentals-Town houses | 4,4% |
| 11 | Fish and other seafood | 4,2% |
| 12 | Domestic services | 4,1% |
| 13 | Wine | 3,8% |
| 14 | Cereal products | 3,8% |
| 15 | Housing - Owners equivalent rent-Town houses | 3,5% |
| 16 | Beer | 3,5% |
| 17 | Housing - Actual rentals-Flats | 3,3% |
| 18 | CPI Headline | 3,2% |
| 19 | Housing - Owners equivalent rent-Flats | 2,8% |
| 20 | Oils and fats | 2,8% |
| 21 | Vehicles - New vehicles | 2,7% |
| 22 | Other services | 2,6% |
| 23 | Housing - Actual rentals-Houses | 2,2% |
| 24 | Housing - Owners equivalent rent-Houses | 2,1% |
| 25 | Other food | 2,1% |
| 26 | Fruits and nuts | 2,1% |
| 27 | Milk, other dairy products and eggs | 1,7% |
| 28 | Vegetables | 0,7% |
| 29 | Meat | -0,5% |
| 30 | Vehicles - Used vehicles | -0,8% |
| 31 | Fuel | -4,5% |
Housing - Owners equivalent rent-Flats ranks 19 out of 31 major sectors, with a 2,8% price increase over the past 12 months. This is below the overall consumer price inflation rate of 3,2%, indicating that Housing - Owners equivalent rent-Flats prices are rising slower than most other consumer goods and services.
Is Housing - Owners equivalent rent-Flats price inflation accelerating or slowing down?
What was the inflation rate in Housing - Owners equivalent rent-Flats in previous month?
Previous, year-on-year inflation in Housing - Owners equivalent rent-Flats came in at 2,8% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 2,8%. That means, we have seen a cost deceleration compared to the previous 12 months.
How has the inflation rate in Housing - Owners equivalent rent-Flats changed over the last two years?
If we look back over a longer period, we see that Housing - Owners equivalent rent-Flats year-on-year inflation has been averaging 2,9% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 2,8%. That means, Housing - Owners equivalent rent-Flats most recent year-on-year price inflation of 2,8% is below the average inflation rate of 4,6% over the past 2 years. The trend is down.
How does 2,8% in Housing - Owners equivalent rent-Flats inflation compare historically? Has Housing - Owners equivalent rent-Flats inflation been higher or lower historically?
How much did Housing - Owners equivalent rent-Flats cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 973 | 2,8% |
| 2 years ago | 943 | 6,0% |
| 5 years ago | 910 | 9,9% |
| 10 years ago | 720 | 38,9% |
Costs relating to Housing - Owners equivalent rent-Flats which cost R1,000 today would have cost you R973 one year ago, R943 two years ago, and R910 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Housing - Owners equivalent rent-Flats prices.