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BL Premium reports that according to a survey of inflation expectations for the first quarter of 2025 conducted by the Bureau for Economic Research (BER), respondents expect headline consumer inflation to average 4.3% this year, down from a previous estimate of 4.5%.
Looking further ahead, inflation is expected to rise gradually to 4.7% by 2027. The five-year inflation outlook has also been revised marginally higher to 4.7%. Among the most notable shifts in the survey was the decline in household inflation expectations, which fell to 5.7% for the year ahead, down from 6.6% in the previous survey. The survey respondents included economic analysts, businesspeople and trade union officials, who each provided independent forecasts based on their respective perspectives. Analysts were the most optimistic, expecting inflation to average 3.9% in 2025 before stabilising at 4.3% over the next two years. Business respondents foresaw a slightly higher inflation rate of 4.6% this year, rising to 4.8% in 2026. Trade union officials, however, remained more cautious, projecting an acceleration in inflation to 5.0% by 2027. The survey also reflected lower wage growth expectations, suggesting that workers might not see notable salary increases in the near future. Respondents expected average salaries and wages to rise 4.5% this year, down from an earlier forecast of 4.9%. Wage growth is expected to pick up slightly to 4.8% in 2026, though still lagging behind past increases.
- Read the full original of the report in the above regard by Jana Marx at BusinessLive
- Read too, Analysts revise South Africa's inflation outlook amid cautious optimism, at Business Report
Get other news reports at the SA Labour News home page