Makrognosis

South Africa Inflation Rate (CPI)

MonthlyNot seasonally adjustedCode ZA.CPI.M.NSA

Latest (y/y)4.5%September 2026
Previous (y/y)4.4%August 2026
Level108.1September 2026

South Africa Inflation Rate (CPI) was up 4.5% year on year in September 2026, compared with 4.4% in August 2026.

The level stood at 108.1 (Index 2024/12=100).

Among the 80 economies Makrognosis covers on this measure, it is the 31st highest.

Over the past ten years it has ranged from 1.9% (May 2020) to 7.8% (Jul 2022), averaging 4.7%.

South Africa Inflation Rate (CPI), annual % change, Jan 1997 – Sep 20260%5%10%15%200020052010201520202025Robomacro
South Africa Inflation Rate (CPI), annual % change, Jan 1997 – Sep 2026. Source: South African Reserve Bank (SARB) Web API.
South Africa Inflation Rate (CPI), level (Index 2024/12=100)20406080100200020052010201520202025Robomacro
South Africa Inflation Rate (CPI), level (Index 2024/12=100).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
September 2026108.14.5
August 2026107.74.4
July 2026107.74.3
June 2026107.55.0
May 2026106.74.5
April 2026106.04.0
March 2026104.83.1
February 2026104.23.0
January 2026103.83.5
December 2025103.63.6
November 2025103.43.5
October 2025103.53.6
September 2025103.43.4
August 2025103.23.3
July 2025103.33.5
June 2025102.43.0
May 2025102.12.8
April 2025101.92.8
March 2025101.62.7
February 2025101.23.2
January 2025100.33.2
December 2024100.03.0
November 202499.902.9
October 202499.902.8

Last 24 observations. The full history (369 observations) is available through the API.

Get South Africa Inflation Rate (CPI) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/ZA.CPI.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/ZA.CPI.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationJanuary 1996
Observations369
FrequencyMonthly
UnitsIndex 2024/12=100
AdjustmentNot seasonally adjusted
10-year high7.8% (Jul 2022)
10-year low1.9% (May 2020)
10-year average4.7%
Source agencySouth African Reserve Bank (SARB) Web API
Makrognosis codeZA.CPI.M.NSA

Inflation Rate (CPI): how South Africa compares

#EconomyPeriodLatest
1VenezuelaOct 2026376.9%
2SudanDec 202568.1%
3ArgentinaOct 202633.1%
4TurkeyOct 202629.8%
5HaitiSep 202616.4%
26GeorgiaSep 20265.1%
27SpainSep 20264.9%
28UruguayOct 20264.9%
29CroatiaSep 20264.8%
30BrazilOct 20264.6%
31South AfricaSep 20264.5%
32ChileOct 20264.5%
33CyprusOct 20264.4%
34AustraliaSep 20264.3%
35IrelandOct 20264.3%
36SerbiaOct 20264.3%
37EstoniaOct 20264.2%

Inflation Rate (CPI) by country: all 80 economies ranked →

Other South Africa indicators

South Africa GDP (Gross Domestic Product)South Africa Nominal GDP at market prices (ZAR million, SAAR, SARB QB)South Africa Unemployment RateSouth Africa 10-Year Government Bond YieldSouth Africa Credit Rating & Sovereign Risk ScoreSouth Africa Industrial ProductionSouth Africa Retail SalesSouth Africa Producer Price Inflation (PPI)South Africa Current Account Balance - Balance of Payments (NSA)South Africa Trade Balance: Goods & ServicesSouth Africa Exports of goods and services, constant 2015 prices, SA annualised (SARB Web API NRI6013D; Quarterly Bulletin KBP6013D)South Africa Total Exports of Goods Including Gold - SARS Customs (NSA)South Africa Imports of goods and services, constant 2015 prices, SA annualised (SARB Web API NRI6014D; Quarterly Bulletin KBP6014D)South Africa Total Imports of Goods - SARS Customs (NSA)South Africa Government Debt to GDPSouth Africa Employment

FAQ

What is the current inflation Rate (CPI) in South Africa?
The latest reading is 4.5% year on year for September 2026, published by South African Reserve Bank (SARB) Web API.
Where does this data come from?
It is collected directly from South African Reserve Bank (SARB) Web API and is available through the Makrognosis API under the code ZA.CPI.M.NSA.

Last updated 2026-10-21. Source: South African Reserve Bank (SARB) Web API. Original title: “Consumer Price Index - Headline, All Urban Areas (NSA)”.