South Africa April CPI Jumps to 4.0%

South Africa's consumer price inflation rose to 4.0% in April, up from 3.1% in March, beating 3.9% forecast.
Core inflation increased to 3.6% in April, above the 3.5% consensus and marking the highest level since late 2024.
Analysts expect a 25‑basis‑point rate hike to 7.00% at the SARB meeting next week, given the inflation surge.
The rise is linked to higher global oil prices, which affect domestic fuel costs with a one‑month lag.