Consumer Price Index (CPI) in South Africa

Estadistica Sudafrica · Monthly · Importance 90

IMF forecast (WEO): 2026: 3.9% 2027: 3.4% 2028: 3.0% 2029: 3.0% 2030: 3.0% 2031: 3.0%

4.3% (Jul-26) YOY · % · Mensual · CSV

Period	%
Jul 2026	4.3%
Jun 2026	5.0%
May 2026	4.5%
Apr 2026	4.0%
Mar 2026	3.1%
Feb 2026	3.0%
Jan 2026	3.5%
Dec 2025	3.6%
Nov 2025	3.5%
Oct 2025	3.6%
Sep 2025	3.4%
Aug 2025	3.3%
Jul 2025	3.5%
Jun 2025	3.0%
May 2025	2.8%
Apr 2025	2.8%
Mar 2025	2.7%
Feb 2025	3.2%
Jan 2025	3.2%
Dec 2024	3.0%
Nov 2024	2.9%
Oct 2024	2.8%
Sep 2024	3.8%
Aug 2024	4.4%
Jul 2024	4.6%
Jun 2024	5.1%
May 2024	5.2%
Apr 2024	5.2%
Mar 2024	5.3%
Feb 2024	5.6%
Jan 2024	5.4%
Dec 2023	5.2%
Nov 2023	5.5%
Oct 2023	6.0%
Sep 2023	5.4%
Aug 2023	4.8%
Jul 2023	4.7%
Jun 2023	5.3%
May 2023	6.3%
Apr 2023	6.8%
Mar 2023	7.1%
Feb 2023	7.0%
Jan 2023	6.8%
Dec 2022	7.2%
Nov 2022	7.5%
Oct 2022	7.5%
Sep 2022	7.5%
Aug 2022	7.7%
Jul 2022	7.8%
Jun 2022	7.5%
May 2022	6.5%
Apr 2022	5.9%
Mar 2022	5.9%
Feb 2022	5.6%
Jan 2022	5.6%
Dec 2021	5.9%
Nov 2021	5.4%
Oct 2021	5.0%
Sep 2021	4.9%
Aug 2021	4.8%

Period	%
Jul 2026	0.2%
Jun 2026	0.7%
May 2026	0.7%
Apr 2026	1.1%
Mar 2026	0.6%
Feb 2026	0.4%
Jan 2026	0.2%
Dec 2025	0.2%
Nov 2025	-0.1%
Oct 2025	0.1%
Sep 2025	0.2%
Aug 2025	-0.1%
Jul 2025	0.9%
Jun 2025	0.3%
May 2025	0.2%
Apr 2025	0.3%
Mar 2025	0.4%
Feb 2025	0.9%
Jan 2025	0.3%
Dec 2024	0.1%
Nov 2024	0.0%
Oct 2024	-0.1%
Sep 2024	0.1%
Aug 2024	0.1%
Jul 2024	0.4%
Jun 2024	0.1%
May 2024	0.2%
Apr 2024	0.2%
Mar 2024	0.8%
Feb 2024	0.9%
Jan 2024	0.1%
Dec 2023	0.0%
Nov 2023	-0.1%
Oct 2023	0.9%
Sep 2023	0.6%
Aug 2023	0.3%
Jul 2023	0.8%
Jun 2023	0.2%
May 2023	0.2%
Apr 2023	0.3%
Mar 2023	1.1%
Feb 2023	0.8%
Jan 2023	-0.1%
Dec 2022	0.3%
Nov 2022	0.3%
Oct 2022	0.3%
Sep 2022	0.1%
Aug 2022	0.2%
Jul 2022	1.4%
Jun 2022	1.1%
May 2022	0.7%
Apr 2022	0.6%
Mar 2022	1.0%
Feb 2022	0.6%
Jan 2022	0.2%
Dec 2021	0.6%
Nov 2021	0.4%
Oct 2021	0.4%
Sep 2021	0.2%
Aug 2021	0.4%

Period	Dic 2024 = 100
Jul 2026	107.7
Jun 2026	107.5
May 2026	106.7
Apr 2026	106.0
Mar 2026	104.8
Feb 2026	104.2
Jan 2026	103.8
Dec 2025	103.6
Nov 2025	103.4
Oct 2025	103.5
Sep 2025	103.4
Aug 2025	103.2
Jul 2025	103.3
Jun 2025	102.4
May 2025	102.1
Apr 2025	101.9
Mar 2025	101.6
Feb 2025	101.2
Jan 2025	100.3
Dec 2024	100.0
Nov 2024	99.9
Oct 2024	99.9
Sep 2024	100.0
Aug 2024	99.9
Jul 2024	99.8
Jun 2024	99.4
May 2024	99.3
Apr 2024	99.1
Mar 2024	98.9
Feb 2024	98.1
Jan 2024	97.2
Dec 2023	97.1
Nov 2023	97.1
Oct 2023	97.2
Sep 2023	96.3
Aug 2023	95.7
Jul 2023	95.4
Jun 2023	94.6
May 2023	94.4
Apr 2023	94.2
Mar 2023	93.9
Feb 2023	92.9
Jan 2023	92.2
Dec 2022	92.3
Nov 2022	92.0
Oct 2022	91.7
Sep 2022	91.4
Aug 2022	91.3
Jul 2022	91.1
Jun 2022	89.8
May 2022	88.8
Apr 2022	88.2
Mar 2022	87.7
Feb 2022	86.8
Jan 2022	86.3
Dec 2021	86.1
Nov 2021	85.6
Oct 2021	85.3
Sep 2021	85.0
Aug 2021	84.8

About this indicator

Source	Statistics South Africa (Stats SA)
Frequency	Monthly
Release	Un mes mas tarde al periodo de referencia, hacia el dia 19-23 (08:00 GMT / 10:00 SAST)
What it is	The Consumer Price Index (CPI) measures the average change in prices of a representative basket of goods and services bought by South African urban households. The headline year-on-year rate is the country's inflation benchmark and the target of the South African Reserve Bank (SARB), within a 3%-6% band.
How it's calculated	Stats SA collects monthly prices for thousands of products across urban areas ('All urban areas' index), aggregates them under the COICOP classification using expenditure weights and computes an index with December 2024 = 100 base. Annual inflation is the index change versus the same month a year earlier.
Market implications	It is the inflation figure the South African market watches: it guides SARB rate decisions and affects the rand, bonds and expectations. A reading above 6% (top of the band) pressures rates higher.
Limitations	It covers only urban areas (the headline index is 'All urban areas'); some components are not surveyed every month; and the basket and weights are periodically revised, introducing base breaks across historical series.