JOHANNESBURG - The annual consumer price inflation (CPI) has increased to 4.0 percent in April, up from 3.1 percent in March.
The CPI increased by 1.1 percent month-on-month in April 2026.
According to Standard Bank's Head of South Africa Macroeconomic Research Dr Elna Moolman, this was largely due to the increase in fuel prices in April.
Core inflation, which exclude energy prices and food costs increased by a modest 3.6 percent on a year-on-year basis.
"It still remains a lot closer to the Reserve Bank's inflation target of 3 percent," she says.