Legend
- High Impact Expected
- Med Impact Expected
- Low Impact Expected
- Non-Economic
Revision
- Green NumberBetter than forecast -or- revised better
- Red NumberWorse than forecast -or- revised worse
- m/mMonth Over Month
- q/qQuarter Over Quarter
- y/yYear Over Year
- K Thousand
- M Million
- B Billion
- T Trillion
SA Core CPI m/m
Consumer prices account for a majority of overall inflation. Inflation is important because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
- SA Core CPI m/m Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Jun 17, 2026 | 0.2% | 0.3% | 0.5% |
| May 20, 2026 | 0.5% | 0.4% | 0.8% |
| Apr 22, 2026 | 0.8% | 0.6% | 0.7% |
| Mar 18, 2026 | 0.7% | 0.9% | 0.3% |
| Feb 18, 2026 | 0.3% | 0.2% | 0.1% |
| Jan 21, 2026 | 0.1% | 0.2% | 0.1% |
| Dec 17, 2025 | 0.1% | 0.1% | 0.1% |
| Nov 19, 2025 | 0.1% | 0.2% | 0.3% |
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- SA Core CPI m/m News
From statssa.gov.za|Jun 17, 2026Annual consumer price inflation was 4,5% in May 2026, up from 4,0% in April 2026. The CPI increased by 0,7% month-on-month in May 2026. The main contributors to the 4,5% annual inflation rate were: • housing and utilities (5,3% and contributing 1,3 percentage points); • transport (9,4% and contributing 1,3 percentage points); and • insurance and financial services (5,7% and contributing 0,6 of a percentage point) – see Table C and Table E. In May 2026, the annual inflation rate for: • goods was 4,4%, up from 3,4% in April 2026; and • ...
- From statssa.gov.za|May 20, 2026
Annual consumer price inflation was 4,0% in April 2026, up from 3,1% in March 2026. The CPI increased by 1,1% month-on-month in April 2026. The main contributors to the 4,0% annual inflation rate were: • housing and utilities (5,2% and contributing 1,2 percentage points); • transport (4,9% and contributing 0,7 of a percentage point); and • insurance and financial services (5,7% and contributing 0,6 of a percentage point) – see Table C and Table E. In April 2026, the annual inflation rate for: • goods was 3,4%, up from 1,8% in March ...
From vtmarkets.com|Apr 22, 2026South Africa’s year-on-year retail sales growth was 1.6% in February. This was below the 4.8% forecast. The release indicates retail sales rose more slowly than expected. The difference between the actual figure and the forecast was 3.2 percentage points. South African Consumer Weakening Signal Given the February retail sales data, we see this as a clear signal of a weakening South African consumer. The 1.6% growth figure is significantly below expectations, confirming that persistent inflation and high borrowing costs are severely ...
From statssa.gov.za|Apr 22, 2026Annual consumer price inflation was 3,1% in March 2026, up from 3,0% in February 2026. The CPI increased by 0,6% month-on-month in March 2026. The main contributors to the 3,1% annual inflation rate were: • housing and utilities (5,1% and contributing 1,2 percentage points); • food and non-alcoholic beverages (3,6% and contributing 0,6 of a percentage point); and • insurance and financial services (4,6% and contributing 0,5 of a percentage point) – see Table C and Table E. In March 2026, the annual inflation rate for: • goods was ...
- From statssa.gov.za|Mar 18, 2026
Annual consumer price inflation was 3,0% in February 2026, down from 3,5% in January 2026. The CPI increased by 0,4% month-on-month in February 2026. The main contributors to the 3,0% annual inflation rate were: • housing and utilities (4,8% and contributing 1,1 percentage points); • food and non-alcoholic beverages (3,7% and contributing 0,7 of a percentage point); and • insurance and financial services (4,7% and contributing 0,5 of a percentage point) – see Table C and Table E. In February 2026, the annual inflation rate for: • ...
From vtmarkets.com|Feb 18, 2026South Africa’s consumer price index rose by 3.5% year on year in January. This was down from 3.6% in the previous reading. With inflation dropping to 3.5%, firmly in the lower part of the South African Reserve Bank’s 3-6% target band, the case for an interest rate cut is growing stronger. The economy is showing signs of weakness, with GDP growth forecasts for 2026 recently revised down to just 1.2% by the World Bank. We believe this low inflation print gives the central bank the room it needs to stimulate the economy. This ...
- From statssa.gov.za|Feb 18, 2026
Annual consumer price inflation was 3,5% in January 2026, down from 3,6% in December 2025. The CPI increased by 0,2% month-on-month in January 2026. The main contributors to the 3,5% annual inflation rate were: • housing and utilities (4,8% and contributing 1,2 percentage points); • food and non-alcoholic beverages (4,4% and contributing 0,8 of a percentage point); and • insurance and financial services (6,8% and contributing 0,7 of a percentage point) – see Table C and Table E. In January 2026, the annual inflation rate for: • goods ...
- From statssa.gov.za|Jan 21, 2026
Annual consumer price inflation was 3,6% in December 2025, up from 3,5% in November 2025. The CPI increased by 0,2% month-on-month in December 2025. The main contributors to the 3,6% annual inflation rate were: • housing and utilities (4,9% and contributing 1,2 percentage points); • food and non-alcoholic beverages (4,4% and contributing 0,8 of a percentage point); and • insurance and financial services (7,0% and contributing 0,7 of a percentage point) – see Table C and Table E. In December 2025, the annual inflation rate for: • ...
| Released on Jun 17, 2026 |
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| Released on May 20, 2026 |
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| Released on Apr 22, 2026 |
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| Released on Mar 18, 2026 |
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| Released on Feb 18, 2026 |
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| Released on Jan 21, 2026 |
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- Details