Loading page content
Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Inflation, consumer prices (annual %) fell to 6.07 Percentage (%) in January 2023
World BankYearlyReleased January 2023
South Africa Inflation, consumer prices (annual %) fell to 6.07 Percentage (%) in January 2023, down 0.97 Percentage (%) from December's 7.04 Percentage (%) reading.
Latest Release
6.07
Latest (2023)
7.04
Previous
World Bank
Source
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
Inflation, Consumer Prices (Annual %) (South Africa) was reported at 3.21 Percent in December 2025. The reading fell from the previous value of 4.36 Percent. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. In December readings over the past 3 years, Inflation, Consumer Prices (Annual %) has averaged 4.55 Percent.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (Aug 11).
Auto-generated from current model state · Refreshes on each release · Last update December 2025.
SHARE
Inflation, consumer prices (annual %) - ZA
Loading chart data...
About Inflation, consumer prices (annual %) — South Africa
DEFINITION
South Africa's Inflation, Consumer Prices (Annual %) for December 2025 came in at 3.205505%, down from November 2024's 4.361152%, marking a continued deceleration in inflation. This decline signals easing price pressures compared to the previous year-end reading of 6.075244% in December 2023. Market participants will watch for further data to assess the Reserve Bank's monetary policy stance amid this downward trend. Updated 7/1/26
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. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - ZA Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:00 | ZA | Balance of Trade | 17.75 | 4.44 | 32 | 24.88 | Medium |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | ZA | ABSA Manufacturing PMI | 47.3 | 49 | 51.95 | Low | |