Annual consumer price inflation jumps to 3.5% in July


Headline consumer inflation jumped to 3.5%in July from 3% in June 2025. According to Statistics South Africa, this is the highest rate since September 2024, when it was 3.8%.

The main contributors to the annual inflation rate were food and non-alcoholic beverages, particularly meat, followed by municipal tariffs.

Inflation for food and non-alcoholic beverages rose to 5.7% from 5.1% in this period.

The rise in this category was mainly due to higher meat prices.

On average, beef prices increased by 7.6% between June and July.

Another driver of the annual inflation was municipal tariffs, which are adjusted annually in July.

In this period, water and electricity tariffs increased by 12.1% and 10.6%, respectively.