South Africa’s inflation rate held steady at 3.2% in February 2025, remaining lower than the Reserve Bank’s target. Food and non-alcoholic beverages saw inflation increase, while personal care saw a significant slowdown. Core inflation fell to its lowest since December 2021, and the CPI rose by 0.9% month-on-month, the highest in a year.
In February 2025, South Africa’s inflation rate maintained a steady level at 3.2%. This figure marks the highest rate observed in four months yet remains significantly lower than the South African Reserve Bank’s target midpoint of 4.5%. Notably, inflation for food and non-alcoholic beverages increased to 2.8% from 2.3% in January, whereas the growth rate for housing and utilities saw a slight decline from 4.5% to 4.4%.
Additionally, there was a significant decrease in personal care and miscellaneous services inflation, which dropped to 1.1% from 5.9%. Meanwhile, the transport sector experienced continued deflation, registering at -0.5%, improving slightly from -0.2% in January. Moreover, core inflation, which omits food, non-alcoholic beverages, fuel, and energy, decreased to 3.4%, representing the lowest figure since December 2021.
On a month-to-month basis, the Consumer Price Index (CPI) increased by 0.9%, the highest monthly increase noted in a year, surpassing the 0.3% increase recorded in January.
The inflation rate in South Africa stood at 3.2% in February 2025, indicating steady trends in various sectors. While food and non-alcoholic beverages experienced inflationary pressures, categories like housing and personal care observed changes in their inflation rates. Core inflation reached its lowest levels since late 2021, while the CPI demonstrated a significant monthly increase.
Original Source: www.tradingview.com
