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Inflation heats up as South Africa braces for next interest rate decision | SA News

Staff Writer
 ·19 Nov 2025

Annual consumer inflation edged higher to 3.6% in October, up from 3.4% in September, in line with market expectations.

This is the highest inflation print since September 2024, when the rate was 3.8%. The consumer price index (CPI) increased by 0.1% month-on-month in October 2025.

This puts some pressure on the South African Reserve Bank’s Monetary Policy Committee (MPC) this week, as the country awaits the final interest rate decision for the year.

Economists and analysts anticipate the MPC to cut interest rates by 25 basis…

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