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Inflation surprise for South Africa | SA News

Luke Fraser
 ·17 Sep 2025

Inflation has ticked downwards in South Africa in August, surprising against market and economist expectations of a small lift.

Annual consumer price inflation dropped from 3.5% in July 2025 to 3.3% in August 2025. Softer food and fuel inflation took some heat off the headline rate.

Market analysts and economists anticipated a small hike in inflation for the month, with consensus sitting around 3.6% to 3.7%. A drop in inflation came a surprise.

CPI decreased by 0.1% month-on-month in August 2025, with four of the 13 categories…

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