Medical industry - Medical insurance inflation analysis for Jan 2025
Medical industry - Medical insurance key statistics
What is happening to Medical industry - Medical insurance prices? 📈
Speeding Up or Slowing Down?
Year-on-year Medical industry - Medical insurance inflation rate vs CPI headline
Highlights
What happened to Medical industry - Medical insurance prices over the last twelve months?
Medical industry - Medical insurance prices have increased by 10,3% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Medical industry - Medical insurance 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 - Medical insurance ranks 2 out of 31 major sectors, with a 10,3% price increase over the past 12 months. This is above the overall consumer price inflation rate of 3,2%, indicating that Medical industry - Medical insurance prices are rising faster than most other consumer goods and services.
Is Medical industry - Medical insurance price inflation accelerating or slowing down?
What was the inflation rate in Medical industry - Medical insurance in previous month?
Previous, year-on-year inflation in Medical industry - Medical insurance came in at 10,3% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 10,3%. That means, we have seen a cost deceleration compared to the previous 12 months.
How has the inflation rate in Medical industry - Medical insurance changed over the last two years?
If we look back over a longer period, we see that Medical industry - Medical insurance year-on-year inflation has been averaging 9,2% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 10,3%. That means, Medical industry - Medical insurance most recent year-on-year price inflation of 10,3% is above the average inflation rate of 9,2% over the past 2 years. The trend is down.
How does 10,3% in Medical industry - Medical insurance inflation compare historically? Has Medical industry - Medical insurance inflation been higher or lower historically?
How much did Medical industry - Medical insurance cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 907 | 10,3% |
| 2 years ago | 849 | 17,8% |
| 5 years ago | 698 | 43,3% |
| 10 years ago | 449 | 122,7% |
Costs relating to Medical industry - Medical insurance which cost R1,000 today would have cost you R907 one year ago, R849 two years ago, and R698 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Medical industry - Medical insurance prices.