Purchase of vehicles inflation analysis for Jan 2025

Last updated Feb 2025 by Walter (source: StatSSA)

Purchase of vehicles key statistics

What is happening to Purchase of vehicles prices? 📈

2,4% over 12 months
vs historical average of 3,8%
Running below historical average 🐌

Speeding Up or Slowing Down?

Decelerating 🐌
Current: 2,5% vs Previous: 2,6%

Year-on-year Purchase of vehicles inflation rate vs CPI headline

What happened to Purchase of vehicles prices over the last twelve months?

Purchase of vehicles prices have increased by 2,4% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.

How does Purchase of vehicles 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%

Purchase of vehicles ranks 17 out of 30 major sectors, with a 2,4% price increase over the past 12 months. This is below the overall consumer price inflation rate of 3,2%, indicating that Purchase of vehicles prices are rising slower than most other consumer goods and services.

Is Purchase of vehicles price inflation accelerating or slowing down?

What was the inflation rate in Purchase of vehicles in previous month?

Previous, year-on-year inflation in Purchase of vehicles came in at 2,6% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 2,5%. That means, we have seen a cost deceleration compared to the previous 12 months.

How has the inflation rate in Purchase of vehicles changed over the last two years?

If we look back over a longer period, we see that Purchase of vehicles year-on-year inflation has been averaging 6,0% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 2,5%. That means, Purchase of vehicles most recent year-on-year price inflation of 2,5% is below the average inflation rate of 3,8% over the past 2 years. The trend is down.

How does 2,4% in Purchase of vehicles inflation compare historically? Has Purchase of vehicles inflation been higher or lower historically?

The most recent year-on-year inflation rate in Invalid Date was 2,5%.
The lowest year-on-year inflation rate was -1,2% in Invalid Date.
The highest year-on-year inflation rate was 9,3% in Invalid Date.
The historical year-on-year average inflation rate for Purchase of vehicles is 3,8%.

How much did Purchase of vehicles cost 1 year, 2 years, 5 years and 10 years ago?

Period Rand amount Total Change
Current 1 000 -
1 year ago 976 2,4%
2 years ago 910 9,8%
5 years ago 775 29,0%
10 years ago 622 60,8%

Costs relating to Purchase of vehicles which cost R1,000 today would have cost you R976 one year ago, R910 two years ago, and R775 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Purchase of vehicles prices.