FX.co ★ South Africa’s Monthly CPI Holds Steady at 0.2% in January, Extending December Pace

South Africa’s consumer price inflation (CPI) on a month-over-month basis remained unchanged at 0.2% in January 2026, matching the 0.2% increase recorded in December 2025. According to data updated on 18 February 2026, the pace of price growth did not accelerate or slow between the two months, indicating a stable short‑term inflation trend.

The current figure reflects the change in prices in January compared with December, while the previous reading captured the price movement in December relative to November. The back‑to‑back 0.2% monthly gains suggest that, at least over this period, inflationary pressures were neither intensifying nor easing, offering policymakers and markets a consistent signal on near‑term price dynamics.