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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa CPI fell to 3.5% in November 2025
FMPMonthlyReleased December 2025
South Africa CPI fell to 3.5% in November 2025, released December 2025, down 0.1% from October's 3.6% reading. The reading matched expectations. The print is running well above the 12-month average of 1.67%. Over the past 3 months, CPI averaged 0.2%, vs 2.2% in the prior 3-month window. CPI is now the highest in 9 months.
Latest Release
3.5
Actual
3.6
Consensus
3.6
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.73 | CRYPTO | Bullish BTC | → View |
| USD/ZAR | ▼ Inverse | −0.65 | FOREX | Bearish USD | → View |
| S&P 500 | ▲ Direct | +0.45 | INDEX | Bullish S&P 500 | → View |
| EUR/USD | ▲ Direct | +0.27 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI (South Africa) was reported at 3% in March 2026. The reading fell from the previous value of 3.4%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 2.25 Percent, ranging from 0.10 Percent to 4.00 Percent across 19 releases. This is classified as a critical-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 3.33 Percent, down from the prior three at 3.43 Percent. Volatility over the past year (σ 1.45 Percent) is lower than the prior year (σ 1.67 Percent). In May readings over the past 3 years, South Africa CPI has averaged 2.55 Percent.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with USD/ZAR, negatively correlated (Bearish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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CPI - ZA
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About CPI — South Africa
DEFINITION
South Africa CPI rose to 4.000000 percent in April, up from March's 3.000000 percent, marking a notable acceleration in inflation. This increase signals a faster pace of price growth compared to the previous month. Market participants will closely watch upcoming data for further inflation trends amid ongoing monetary policy considerations. Updated 5/25/26
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'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.73) — a useful reference for crypto-focused traders.