Inflation rate in South Africa
Annual inflation in South Africa was 4.5% in September 2026: consumer prices compared with the same month a year earlier. The month before, it was 4.4%.
Inflation by month in South Africa
Monthly figures: national statistics compiled by the Bank for International Settlements (consumer prices, change on a year earlier).
Inflation by year in South Africa
| Year | Inflation |
|---|---|
| 2025 | 3.2% |
| 2024 | 4.4% |
| 2023 | 6.1% |
| 2022 | 7.0% |
| 2021 | 4.6% |
| 2020 | 3.2% |
| 2019 | 4.1% |
| 2018 | 4.5% |
| 2017 | 5.2% |
| 2016 | 6.6% |
| 2015 | 4.5% |
| 2014 | 6.1% |
| 2013 | 5.8% |
| 2012 | 5.7% |
| 2011 | 5.0% |
| 2010 | 4.1% |
| 2009 | 7.2% |
| 2008 | 9.9% |
| 2007 | 6.2% |
| 2006 | 3.2% |
| 2005 | 2.1% |
| 2004 | -0.7% |
| 2003 | 5.7% |
| 2002 | 9.5% |
| 2001 | 5.7% |
Yearly figures: World Bank, inflation, consumer prices (annual %).
The real interest rate is the central bank’s policy rate minus the latest inflation rate: a plain difference, not a forecast.
Frequently asked questions
What is the inflation rate in South Africa?
Annual inflation in South Africa was 4.5% in September 2026 (consumer prices compared with a year earlier).
What was the inflation rate in South Africa in 2025?
Inflation in South Africa was 3.2% in 2025 (World Bank, consumer prices, annual average).
What was the inflation rate in South Africa in 2020?
Inflation in South Africa was 3.2% in 2020 (World Bank, consumer prices, annual average).
What was the inflation rate in South Africa in 2015?
Inflation in South Africa was 4.5% in 2015 (World Bank, consumer prices, annual average).
What is the real interest rate in South Africa?
The policy rate is 7.25% and inflation 4.5%, so the real interest rate is about 2.7%.
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