SA inflation drops slightly to 3.5% in November from 3.6% in October


Data released by Statistics South Africa shows that consumer price inflation eased from 3.6%  in October to 3.5% in November last year.

The main contributions to inflation came from housing and utilities, as well as food and non-alcoholic beverages.

Inflation remains close to the Reserve Bank’s new three percent target.

Stats SA data shows that annual inflation eased in five of the 13 product categories, including transport, recreation, sport and culture, as well as information and communication.

The price of food and non-alcoholic beverages increased while the price of used vehicles declined.

The cooling of consumer price inflation raises hopes for a further interest rate cut by the Reserve Bank when it makes its rate decision on the 29th of January 2026.