FX.co ★ South Africa’s Annual CPI Eases to 3.0% in February, Down from 3.5% in January

South Africa’s annual consumer price inflation slowed to 3.0% in February 2026, easing from 3.5% recorded in January 2026. The latest year-over-year reading, updated on 18 March 2026, shows price growth moving further down compared with the same month a year earlier, and marks a deceleration from the prior month’s pace of inflation.

The February figure indicates that, on a year-over-year basis, consumer prices are rising more slowly than they were in January, when the CPI increase versus January a year earlier stood at 3.5%. In contrast, February’s 3.0% reading reflects a softer rise in prices compared with February of the previous year, underscoring a continued cooling trend in annual inflation dynamics in South Africa.