Core consumer prices in South Africa increased 4.20 percent in July of 2026 over the same month in the previous year. Core Inflation Rate in South Africa averaged 4.54 percent from 2009 until 2026, reaching an all time high of 8.40 percent in May of 2009 and a record low of 2.50 percent in February of 2021. source: Statistics South Africa

Core Inflation Rate in South Africa is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Core Inflation Rate is projected to trend around 3.70 percent in 2027 and 3.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-22 08:00 AM
Core Inflation Rate YoY
Jun 4.1% 3.8% 4.0%
2026-08-19 08:00 AM
Core Inflation Rate YoY
Jul 4.2% 4.1% 4.0%
2026-09-23 08:00 AM
Core Inflation Rate YoY
Aug 4.2%


Related Last Previous Unit Reference
Consumer Price Index CPI 107.70 107.50 points Jul 2026
Core Consumer Prices 106.90 106.40 points Jul 2026
Core Inflation Rate YoY 4.20 4.10 percent Jul 2026
Core Inflation Rate MoM 0.50 0.60 percent Jul 2026
CPI Clothing and Footwear 102.00 101.90 points Jul 2026
CPI Education Services 110.10 110.10 points Jul 2026
CPI Food and Non-Alcoholic Beverages 105.50 105.70 points Jul 2026
CPI Housing Utilities 109.10 106.80 points Jul 2026
CPI Recreation, Sport and Culture 105.40 105.20 points Jul 2026
CPI Restaurants and Hotels 106.30 105.60 points Jul 2026
CPI Transportation 109.70 112.70 points Jul 2026
Food Inflation 0.90 1.60 percent Jul 2026
Inflation Rate YoY 4.30 5.00 percent Jul 2026
Inflation Rate MoM 0.20 0.70 percent Jul 2026
PPI MoM -1.00 -0.10 percent Jul 2026
Producer Prices 109.20 110.30 points Jul 2026
PPI YoY 5.70 7.50 percent Jul 2026


South Africa Core Inflation Rate
In South Africa, core consumer prices measure a broad rise or fall in prices that consumers pay for a standard basket of goods, excluding volatile items such as food and non-alcoholic beverages, fuel and energy.
Actual Previous Highest Lowest Dates Unit Frequency
4.20 4.10 8.40 2.50 2009 - 2026 percent Monthly