South Africa's annual core inflation rate, which excludes food, non-alcoholic beverages, fuel, and energy, edged up to 3.0% in July 2025, from an over four-year low of 2.9% in June. Core Inflation Rate in South Africa averaged 4.60 percent from 2009 until 2025, 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 consumer prices in South Africa increased 3 percent in July of 2025 over the same month in the previous year.
Core consumer prices in South Africa increased 3 percent in July of 2025 over the same month in the previous year. Core Inflation Rate in South Africa is expected to be 3.40 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 3.20 percent in 2026 and 3.10 percent in 2027, according to our econometric models.