Restaurants and accommodation services inflation analysis for Jan 2025
Restaurants and accommodation services key statistics
What is happening to Restaurants and accommodation services prices? 📈
Speeding Up or Slowing Down?
Year-on-year Restaurants and accommodation services inflation rate vs CPI headline
Highlights
What happened to Restaurants and accommodation services prices over the last twelve months?
Restaurants and accommodation services prices have increased by 4,9% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Restaurants and accommodation services price inflation compare to headline CPI and other major sectors?
| Basket | 12m change | |
|---|---|---|
| 1 | Education | 6,4% |
| 2 | Personal care and miscellaneous services | 5,9% |
| 3 | Restaurants and accommodation services | 4,9% |
| 4 | Housing and utilities | 4,5% |
| 5 | Health | 4,4% |
| 6 | Alcoholic beverages and tobacco | 4,3% |
| 7 | CPI Headline | 3,2% |
| 8 | Food and non alcoholic beverages | 2,3% |
| 9 | Furnishings, household equipment and routine maintenance | 1,8% |
| 10 | Clothing and footwear | 1,5% |
| 11 | Recreation, sport and culture | 1,5% |
| 12 | Transport | -0,2% |
| 13 | Information and communication | -0,5% |
Restaurants and accommodation services ranks 3 out of 13 major sectors, with a 4,9% price increase over the past 12 months. This is above the overall consumer price inflation rate of 3,2%, indicating that Restaurants and accommodation services prices are rising faster than most other consumer goods and services.
Is Restaurants and accommodation services price inflation accelerating or slowing down?
What was the inflation rate in Restaurants and accommodation services in previous month?
Previous, year-on-year inflation in Restaurants and accommodation services came in at 4,2% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 4,9%. That means, we have seen a cost acceleration compared to the previous 12 months.
How has the inflation rate in Restaurants and accommodation services changed over the last two years?
If we look back over a longer period, we see that Restaurants and accommodation services year-on-year inflation has been averaging 6,2% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 4,9%. That means, Restaurants and accommodation services most recent year-on-year price inflation of 4,9% is below the average inflation rate of 5,6% over the past 2 years. The trend is up.
How does 4,9% in Restaurants and accommodation services inflation compare historically? Has Restaurants and accommodation services inflation been higher or lower historically?
How much did Restaurants and accommodation services cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 953 | 4,9% |
| 2 years ago | 883 | 13,3% |
| 5 years ago | 794 | 25,9% |
| 10 years ago | 644 | 55,2% |
Costs relating to Restaurants and accommodation services which cost R1,000 today would have cost you R953 one year ago, R883 two years ago, and R794 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Restaurants and accommodation services prices.