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flag South Africa’s inflation fell to 3.5% in November 2025, driven by lower transport and recreation costs, despite rising food prices.

flag South Africa’s inflation eased to 3.5% annually in November 2025, down from 3.6% in October, marking the first decline in three months and slightly below economists’ forecasts. flag The drop was driven by lower price increases in transport and recreation, though food and restaurant prices rose due to persistent meat shortages from foot-and-mouth disease. flag Core inflation remained at 3.2%, within the central bank’s 1% tolerance band around its 3% target. flag The rand held steady near 16.75 per dollar as markets awaited key data, including business cycle and producer inflation reports. flag The central bank recently cut its main rate to 6.75%, and further cuts are expected in 2026.

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