South Africa inflation edges up in first release since basket update

Source: Reuters/Lelethu Madikane

Inflation rose to 3.2% year on year in January from 3.0% in December, lower than the 3.3% forecast by economists and still well within the South African Reserve Bank's range of 3% to 6%.

Stats SA updates its inflation basket

Kopano Gumbi  29 Jan 2025

Annual core inflation, which strips out volatile items, such as food and energy, came in at 3.5% in January, in line with analysts' expectations.

South Africa's central bank has cut interest rates at its last three monetary policy meetings, but its last move in January followed a split decision as it stressed the uncertain global backdrop.