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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Core CPI MoM fell to 0.5% in July 2026
FMPMonthlyReleased August 2026
South Africa Core CPI MoM fell to 0.5% in July 2026, released August 2026, down 0.1% from June's 0.6% reading.
Latest Release
0.500000
Actual
—
Consensus
0.600000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Core CPI MoM (South Africa) was reported at 0.5% in August 2026. The reading fell from the previous value of 0.6%. Trailing 12-month context per ETL data through August 2026.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Core CPI MoM - ZA
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About Core CPI MoM — South Africa
DEFINITION
South Africa's Core CPI MoM rose 0.500000% in July, down from June's 0.600000%, indicating a slight deceleration in monthly inflation. The July reading confirms ongoing inflationary pressures but at a moderated pace compared to the previous month. Market participants will watch upcoming data for further clarity on the Reserve Bank's policy direction. Updated 8/19/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 0.5 %.
Σ
EXPECTED ZONE
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Economic Calendar - ZA Events
| Tuesday, August 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | ZA | Leading Business Cycle Indicator MoM | -0.3 | -0.5 | 0.80 | Low | |
| Thursday, August 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:30 | ZA | Producer Price Index YoY | 7.5 | 7.2 | 8.15 | Low | |
| 09:30 | ZA | Producer Price Index MoM | -0.1 | -0.4 | 0.30 | Low | |