Passenger transport services inflation analysis for Jan 2025

Last updated Feb 2025 by Walter (source: StatSSA)

Passenger transport services key statistics

What is happening to Passenger transport services prices? 📈

0,7% over 12 months
vs historical average of 6,1%
Running below historical average 🐌

Speeding Up or Slowing Down?

Accelerating 🚀
Current: 0,7% vs Previous: 0,5%

Year-on-year Passenger transport services inflation rate vs CPI headline

What happened to Passenger transport services prices over the last twelve months?

Passenger transport services prices have increased by 0,7% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.

How does Passenger transport 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%

Passenger transport services ranks 24 out of 30 major sectors, with a 0,7% price increase over the past 12 months. This is below the overall consumer price inflation rate of 3,2%, indicating that Passenger transport services prices are rising slower than most other consumer goods and services.

Is Passenger transport services price inflation accelerating or slowing down?

What was the inflation rate in Passenger transport services in previous month?

Previous, year-on-year inflation in Passenger transport services came in at 0,5% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 0,7%. That means, we have seen a cost acceleration compared to the previous 12 months.

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

If we look back over a longer period, we see that Passenger transport services year-on-year inflation has been averaging 3,5% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 0,7%. That means, Passenger transport services most recent year-on-year price inflation of 0,7% is below the average inflation rate of 6,1% over the past 2 years. The trend is up.

How does 0,7% in Passenger transport services inflation compare historically? Has Passenger transport services inflation been higher or lower historically?

The most recent year-on-year inflation rate in Invalid Date was 0,7%.
The lowest year-on-year inflation rate was -1,6% in Invalid Date.
The highest year-on-year inflation rate was 23,7% in Invalid Date.
The historical year-on-year average inflation rate for Passenger transport services is 6,1%.

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

Period Rand amount Total Change
Current 1 000 -
1 year ago 993 0,7%
2 years ago 988 1,2%
5 years ago 749 33,4%
10 years ago 642 55,9%

Costs relating to Passenger transport services which cost R1,000 today would have cost you R993 one year ago, R988 two years ago, and R749 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Passenger transport services prices.