Transport inflation analysis for Jan 2025
Transport key statistics
What is happening to Transport prices? 📈
Speeding Up or Slowing Down?
Year-on-year Transport inflation rate vs CPI headline
Highlights
What happened to Transport prices over the last twelve months?
Transport prices have increased by -0,2% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Transport 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% |
Transport ranks 12 out of 13 major sectors, with a -0,2% price increase over the past 12 months. This is below the overall consumer price inflation rate of 3,2%, indicating that Transport prices are rising slower than most other consumer goods and services.
Is Transport price inflation accelerating or slowing down?
What was the inflation rate in Transport in previous month?
Previous, year-on-year inflation in Transport came in at -2,0% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was -0,2%. That means, we have seen a cost acceleration compared to the previous 12 months.
How has the inflation rate in Transport changed over the last two years?
If we look back over a longer period, we see that Transport year-on-year inflation has been averaging 3,3% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was -0,2%. That means, Transport most recent year-on-year price inflation of -0,2% is below the average inflation rate of 4,9% over the past 2 years. The trend is up.
How does -0,2% in Transport inflation compare historically? Has Transport inflation been higher or lower historically?
How much did Transport cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 1 002 | -0,2% |
| 2 years ago | 958 | 4,4% |
| 5 years ago | 756 | 32,2% |
| 10 years ago | 586 | 70,5% |
Costs relating to Transport which cost R1,000 today would have cost you R1 002 one year ago, R958 two years ago, and R756 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Transport prices.