South Africa's one-year-ahead inflation expectations for households surged to 4.2% in Q2 2026 from an all-time low of 3.6% in the previous period. Average inflation expectations two years ahead, a measure the central bank closely tracks in setting interest rates, also inched up to 3.9% from 3.6% previously. The survey, conducted between May 18 and June 4, preceded the signing of the agreement to reopen the Strait of Hormuz, which has since eased global oil prices and reduced domestic fuel costs. Between the two survey periods, South Africa's annual inflation climbed to 4.5% from 3%, driven by a spike in gasoline prices to record levels. Among respondents, analysts see the fastest return to the central bank’s 3% target, with inflation easing to 3.5% by 2028. Businesses and unions are more cautious, expecting it at 4% and 4.4%, respectively. source: Bureau for Economic Research (BER)
Inflation Expectations in South Africa decreased to 3.60 percent in the first quarter of 2026 from 3.70 percent in the fourth quarter of 2025. Inflation Expectations in South Africa averaged 5.75 percent from 2000 until 2026, reaching an all time high of 8.72 percent in the third quarter of 2008 and a record low of 3.60 percent in the first quarter of 2026. This page provides - South Africa Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Inflation Expectations - values, historical data and charts - was last updated on July of 2026.