South Africa's inflation rate rose for the second month in a row in December but by less than expected, with analysts saying the central bank was still likely to deliver another interest rate cut next week.

South Africa’s annual consumer price inflation ( CPI) rose to 3.0% in December 2024, up from 2.9% in November, according to the lastest report from Statistics South Africa (Stats SA).

South Africa's headline consumer inflation rose less than expected in December, to 3.0% year on year from 2.9% in November, data from the statistics agency showed on Wednesday. In month-on-month terms inflation was at 0.

Inflation came in lower than expected for December, with another interest rate cut next week now seen as likely.