FX.co ★ South Africa’s Monthly Inflation Nearly Doubles in April, Signaling Rising Price Pressures

South Africa’s consumer price momentum accelerated sharply in April 2026, with month‑on‑month CPI climbing to 1.1%, up from 0.6% in March 2026. The latest data, updated on 20 May 2026, indicate that price growth on a monthly basis has almost doubled, pointing to a build-up in short-term inflationary pressures.

On a month-over-month basis, the April reading compares the change in prices from March to April, while the previous figure reflects the change from February to March. The jump from 0.6% to 1.1% suggests that the pace of price increases is picking up, a development closely watched by markets and policymakers assessing the inflation outlook and potential implications for interest rates and household purchasing power.