Medical industry - Hospital services inflation analysis for Jan 2025
Medical industry - Hospital services key statistics
What is happening to Medical industry - Hospital services prices? 📈
Speeding Up or Slowing Down?
Year-on-year Medical industry - Hospital services inflation rate vs CPI headline
Highlights
What happened to Medical industry - Hospital services prices over the last twelve months?
Medical industry - Hospital services prices have increased by 5,3% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Medical industry - Hospital services 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% |
Medical industry - Hospital services ranks 7 out of 31 major sectors, with a 5,3% price increase over the past 12 months. This is above the overall consumer price inflation rate of 3,2%, indicating that Medical industry - Hospital services prices are rising faster than most other consumer goods and services.
Is Medical industry - Hospital services price inflation accelerating or slowing down?
What was the inflation rate in Medical industry - Hospital services in previous month?
Previous, year-on-year inflation in Medical industry - Hospital services came in at 5,3% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 5,3%. That means, we have seen a cost deceleration compared to the previous 12 months.
How has the inflation rate in Medical industry - Hospital services changed over the last two years?
If we look back over a longer period, we see that Medical industry - Hospital services year-on-year inflation has been averaging 5,5% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 5,3%. That means, Medical industry - Hospital services most recent year-on-year price inflation of 5,3% is below the average inflation rate of 5,4% over the past 2 years. The trend is down.
How does 5,3% in Medical industry - Hospital services inflation compare historically? Has Medical industry - Hospital services inflation been higher or lower historically?
How much did Medical industry - Hospital services cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 950 | 5,3% |
| 2 years ago | 898 | 11,4% |
| 5 years ago | 811 | 23,3% |
| 10 years ago | 633 | 58,0% |
Costs relating to Medical industry - Hospital services which cost R1,000 today would have cost you R950 one year ago, R898 two years ago, and R811 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Medical industry - Hospital services prices.