South Africans are facing increased financial pressure after annual consumer inflation rose to 4% in April 2026, the highest level seen in a year and a half. Figures released by Statistics South Africa show that inflation moved up from 3.1% recorded in March.
The latest increase places inflation above the South African Reserve Bank target of 3%, a development that may lead to an increase in the repo rate as authorities attempt to control rising prices.
Housing and utilities, transport, insurance, and financial services were among the biggest contributors to the rise in inflation. Month-on-month, the Consumer Price Index (CPI) went up by 1.1% in April.
Utility prices continued to rise sharply, with electricity, gas, and other fuels increasing by 8.2%. Water supply and related services also recorded a 7% increase.
Fuel prices also became more expensive during the month. Both 95 and 93 grades of petrol increased by R3.02 per litre, while diesel rose by more than R7 per litre.
The increase in fuel costs has been linked to higher international oil prices resulting from ongoing conflict in the Middle East, which has affected global supply chains.
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