FX.co ★ South Africa’s Core CPI Climbs to 4.1% in June, Edging Higher from May

South Africa’s core consumer price index (CPI) rose to 4.1% year-over-year in June 2026, up from 3.8% in May 2026, according to data updated on 22 July 2026. The indicator measures underlying inflation by excluding volatile components, and the latest reading reflects price changes in June 2026 compared with June 2025.

The previous figure of 3.8% represented the year-over-year change for May 2026 versus May 2025. The acceleration to 4.1% in June suggests that underlying inflationary pressures in the South African economy have strengthened slightly on an annual basis. This shift may be closely watched by policymakers and investors as they assess the trajectory of inflation and its potential implications for monetary policy and financial markets.