Vehicles - New vehicles inflation analysis for Jan 2025
Vehicles - New vehicles key statistics
What is happening to Vehicles - New vehicles prices? 📈
Speeding Up or Slowing Down?
Year-on-year Vehicles - New vehicles inflation rate vs CPI headline
Highlights
What happened to Vehicles - New vehicles prices over the last twelve months?
Vehicles - New vehicles prices have increased by 2,7% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Vehicles - New vehicles 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% |
Vehicles - New vehicles ranks 21 out of 31 major sectors, with a 2,7% price increase over the past 12 months. This is below the overall consumer price inflation rate of 3,2%, indicating that Vehicles - New vehicles prices are rising slower than most other consumer goods and services.
Is Vehicles - New vehicles price inflation accelerating or slowing down?
What was the inflation rate in Vehicles - New vehicles in previous month?
Previous, year-on-year inflation in Vehicles - New vehicles came in at 2,8% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 2,7%. That means, we have seen a cost deceleration compared to the previous 12 months.
How has the inflation rate in Vehicles - New vehicles changed over the last two years?
If we look back over a longer period, we see that Vehicles - New 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 2,7%. That means, Vehicles - New vehicles most recent year-on-year price inflation of 2,7% is below the average inflation rate of 5,4% over the past 2 years. The trend is down.
How does 2,7% in Vehicles - New vehicles inflation compare historically? Has Vehicles - New vehicles inflation been higher or lower historically?
How much did Vehicles - New vehicles cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 974 | 2,7% |
| 2 years ago | 908 | 10,2% |
| 5 years ago | 775 | 29,0% |
| 10 years ago | 605 | 65,2% |
Costs relating to Vehicles - New vehicles which cost R1,000 today would have cost you R974 one year ago, R908 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 Vehicles - New vehicles prices.