South Africa’s consumer prices rose 0.7% month on month in June, unchanged from May and above expectations for a slight moderation.
Food, transport and housing kept price pressures broad-based, leaving inflation persistent rather than showing a clear downward trend.
The steady reading supports the South African Reserve Bank’s cautious stance, with annual inflation still above the midpoint of its 3% to 6% target range.
For households, the data signals continued cost-of-living strain, while markets will watch July and August releases for evidence that inflation is finally easing.