Today’s Codera post shows a selection of inflation scenarios based on assumed profiles for the global oil price. Under all scenarios, headline CPI inflation surpasses the SARB’s projections by the end of 2026. The severe scenario for the global oil price would see headline breaching 6% by the end of 2026Q3. Base effects cause a sharp drop in the April 2027 inflation forecasts. If you would like to subscribe to our nowcasts, contact us for a demo.
