# South Africa Inflation Rate (CPI)

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%.

- Source agency: South African Reserve Bank (SARB) Web API
- Makrognosis code: `ZA.CPI.M.NSA`
- Frequency: monthly
- Units: Index 2024/12=100
- Coverage: 1996-01-31 to 2026-09-30 (369 observations)
- Page: https://makrognosis.robomacro.com/data/south-africa/inflation-rate-cpi

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| September 2026 | 108.1 | 4.5 |
| August 2026 | 107.7 | 4.4 |
| July 2026 | 107.7 | 4.3 |
| June 2026 | 107.5 | 5.0 |
| May 2026 | 106.7 | 4.5 |
| April 2026 | 106.0 | 4.0 |
| March 2026 | 104.8 | 3.1 |
| February 2026 | 104.2 | 3.0 |
| January 2026 | 103.8 | 3.5 |
| December 2025 | 103.6 | 3.6 |
| November 2025 | 103.4 | 3.5 |
| October 2025 | 103.5 | 3.6 |
| September 2025 | 103.4 | 3.4 |
| August 2025 | 103.2 | 3.3 |
| July 2025 | 103.3 | 3.5 |
| June 2025 | 102.4 | 3.0 |
| May 2025 | 102.1 | 2.8 |
| April 2025 | 101.9 | 2.8 |
| March 2025 | 101.6 | 2.7 |
| February 2025 | 101.2 | 3.2 |
| January 2025 | 100.3 | 3.2 |
| December 2024 | 100.0 | 3.0 |
| November 2024 | 99.90 | 2.9 |
| October 2024 | 99.90 | 2.8 |

## API

```
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"]
```