FX.co ★ South Africa’s Monthly Inflation Stalls in August as CPI Growth Falls to 0.0%

South Africa’s consumer price growth came to a standstill in August 2026, with month-on-month CPI registering 0.0%, down from a 0.2% increase in July 2026. The latest data, updated on 23 September 2026, indicate that prices on average neither rose nor fell between July and August on a month-over-month basis.

The August figure compares the change in prices from July to August, while July’s 0.2% reading reflected the change from June to July. The flat reading suggests a pause in short-term inflationary pressures after a modest uptick in the previous month, offering a more subdued near-term price backdrop for households, businesses and policymakers.