South Africa’s consumer price inflation ticked up to 3.6% in October 2025, marking a modest rise from September’s 3.4%, according to the latest release from Statistics South Africa.
While the increase remains within the Reserve Bank’s 3–6% target band, the data reveals persistent cost pressures in essential categories particularly housing and food.
Month-on-month, the Consumer Price Index (CPI) rose by 0.1%, signaling a steady but cautious upward trend. Housing and utilities contributed 1.1 percentage points to the annual rate, while food and non-alcoholic beverages added 0.7 percentage points. Services inflation climbed to 4.0%, outpacing goods inflation at 3.1%.
Notably, meat prices surged by 11.4% year-on-year, while oils and fats rose 4.8%. In contrast, vegetables dropped 4.4%, and dairy products fell 1.5%, offering some relief to household budgets. Administered prices—those influenced by government policy rose 6.0%, with electricity and fuel among the key drivers.
Provincial disparities also emerged. Northwest led with a 4.3% inflation rate, followed by Limpopo (3.9%) and KwaZulu-Natal (3.8%). The Western Cape, where Cape Town is located, recorded 3.7%, slightly above the national average.
“This month’s figures reflect a complex inflation landscape,” said Andrew mark, senior economist at Johannesburg Business Consulting Firm Co. “While headline inflation remains contained, underlying pressures in housing and energy are proving resilient. The moderation in some food categories is welcome, but volatility remains a concern.”
The CPI for pensioners rose 4.0%, underscoring the disproportionate impact on fixed-income households. Meanwhile, the core CPI excluding food, fuel, and energy—rose 3.1%, suggesting broader inflationary stability.
Looking ahead, economists anticipate inflation will remain within target, though risks persist. “We’re monitoring global oil prices, currency movements, and climate-related disruptions to food supply,” Mark added. “Any escalation could reignite inflationary pressures.”
For policymakers, the October data offers a measured outlook. The Reserve Bank is expected to maintain its current interest rate stance, balancing inflation control with the need to support economic recovery.
As households continue to navigate rising costs, especially in housing and transport, the latest CPI underscores the importance of targeted relief and transparent fiscal planning.
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