Financial News: South Africa Inflation Climbs To 2-year High

South Africa Inflation Climbs To 2-year High

07/22/2026 - 05:58:00 (RTTNews)

(RTTNews) - South Africa's consumer price inflation accelerated further in June to the highest level in two years amid soaring fuel costs, figures from Statistics South Africa showed on Wednesday.

The consumer price index, or CPI, climbed 5.0 percent year-on-year in June, faster than the 4.5 percent rise in the previous month. Moreover, this was the highest inflation rate since June 2024, when prices rose 5.1 percent.

Inflation based on transportation quickened to 12.7 percent from 9.4 percent amid a 34.3 percent surge in fuel costs. The annual price growth in housing and utilities accelerated slightly to 5.5 percent from 5.3 percent. Meanwhile, prices for food and non-alcoholic beverages grew at a slower pace of 1.6 percent versus a 1.9 percent increase in May.

Excluding food and non-alcoholic beverages, fuel, and energy, core inflation accelerated to 4.1 percent from 3.8 percent in May.

On a monthly basis, consumer prices moved up 0.7 percent in June.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Belgian Households Remain Less Pessimistic In July (30 min(s), 20 sec(s) ago)
(RTTNews) - Households in Belgium expressed a less pessimistic attitude in July amid a better outl ...Full Story»

South Africa Inflation Climbs To 2-year High (56 min(s), 20 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation accelerated further in June to the highest ...Full Story»

Poland Retail Sales Growth Improves To 6.2% (02 hr(s), 25 min(s), 20 sec(s) ago)
(RTTNews) - Poland's retail sales growth accelerated more than expected in June to the highest ...Full Story»

Turkey Capacity Utilization Falls In July; Business Morale Eases To 3-month Low (03 hr(s), 14 min(s), 20 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization rate decreased in July from a 1-year h ...Full Story»

UK Inflation Lowest Since March 2025 (03 hr(s), 44 min(s), 20 sec(s) ago)
(RTTNews) - UK consumer price inflation slowed in June to the lowest since March last year, data f ...Full Story»

Denmark Business Confidence Rises In July (03 hr(s), 55 min(s), 20 sec(s) ago)
(RTTNews) - Denmark's business confidence strengthened in July to the highest level in three ...Full Story»

Japan June Trade Shortfall Y406.906 Billion (23 min(s), 40 sec(s) ago)
(RTTNews) - Japan posted a merchandise trade deficit of 406.906 billion yen in June, the Ministry ...Full Story»

Japan Trade Data On Tap For Wednesday (08 min(s), 40 sec(s) ago)
(RTTNews) - Japan will on Wednesday release June figures for imports, exports and trade balance, h ...Full Story»