As of June 2020, the projected inflation rate in South Africa for the same year was revised to 5.2 percent, after the fallout of the coronavirus outbreak. The projection was done under the assumption of a worst-case scenario, where the pandemic persists to the end of 2020. Before the occurrence of COVID-19, the inflation rate was expected at 4.7 percent.
On the other hand, the inflation rate for 2021 was reviewed to 4.6 percent, in a worst-case scenario, whereas the previous outlook (before the pandemic) was at five percent.
Impact of coronavirus (COVID-19) on projected inflation in South Africa in 2020 and 2021
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AfDB. (June 1, 2020). Impact of coronavirus (COVID-19) on projected inflation in South Africa in 2020 and 2021 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169847/impact-of-covid-19-on-projected-inflation-in-south-africa/
AfDB. "Impact of coronavirus (COVID-19) on projected inflation in South Africa in 2020 and 2021." Chart. June 1, 2020. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169847/impact-of-covid-19-on-projected-inflation-in-south-africa/
AfDB. (2020). Impact of coronavirus (COVID-19) on projected inflation in South Africa in 2020 and 2021. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169847/impact-of-covid-19-on-projected-inflation-in-south-africa/
AfDB. "Impact of Coronavirus (Covid-19) on Projected Inflation in South Africa in 2020 and 2021." Statista, Statista Inc., 1 Jun 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169847/impact-of-covid-19-on-projected-inflation-in-south-africa/
AfDB, Impact of coronavirus (COVID-19) on projected inflation in South Africa in 2020 and 2021 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169847/impact-of-covid-19-on-projected-inflation-in-south-africa/ (last visited September 20, 2024)
Impact of coronavirus (COVID-19) on projected inflation in South Africa in 2020 and 2021 [Graph], AfDB, June 1, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169847/impact-of-covid-19-on-projected-inflation-in-south-africa/