South Africa

South Africa CPI inflation

The consumer price index: how much prices of the goods and services households buy have risen over the past twelve months.

In short

The last SA CPI release, for Aug, came in at 4.4% against a forecast of 4.5% and 4.3% the time before. It was published on Wed, 23 Sept 2026, 10:00 SAST. The next release, for Sep, is due Wed, 21 Oct 2026, 10:00 SAST.

Next release
Wed, 21 Oct 2026, 10:00 SAST · in 13d 11h
Forecast
–
Last release (Aug)
4.4%
Previous
4.3%

Actual against forecastEvery release

Aug 3.3% (forecast 3.6%)Sep 3.4% (forecast 3.5%)Oct 3.6% (forecast 3.7%)Nov 3.5% (forecast 3.6%)Dec 3.6% (forecast 3.6%)Jan 3.5% (forecast 3.4%)Feb 3% (forecast 3.1%)Mar 3.1% (forecast 3.1%)Apr 4% (forecast 3.9%)May 4.5% (forecast 4.7%)Jun 5% (forecast 4.7%)Jul 4.3% (forecast 4.5%)Aug 4.4% (forecast 4.5%)
ReleasedForActualForecastPrevious
2026-10-21Sep––4.4%
2026-09-23Aug4.4%4.5%4.3%
2026-08-19Jul4.3%4.5%5%
2026-07-22Jun5%4.7%4.5%
2026-06-17May4.5%4.7%4%
2026-05-20Apr4%3.9%3.1%
2026-04-22Mar3.1%3.1%3%
2026-03-18Feb3%3.1%3.5%
2026-02-18Jan3.5%3.4%3.6%
2026-01-21Dec3.6%3.6%3.5%
2025-12-17Nov3.5%3.6%3.6%
2025-11-19Oct3.6%3.7%3.4%
2025-10-22Sep3.4%3.5%3.3%
2025-09-17Aug3.3%3.6%3.5%

What it isWhy it matters here

Inflation decides how far a pay cheque stretches at the till, and it is the main input into the Reserve Bank’s next rate decision.

How often
Monthly

The full indicator page: Inflation (CPI)

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QuestionsGood to know.

  • The consumer price index: how much prices of the goods and services households buy have risen over the past twelve months.

  • Inflation decides how far a pay cheque stretches at the till, and it is the main input into the Reserve Bank’s next rate decision.

  • Statistics South Africa. Monthly. The next date, the forecast and every recent result are on this page.

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