UASA Media Release: 18 February 2026
Image Source: www.statssa.gov.za
Statement by Abigail Moyo, spokesperson of the trade union UASA:
UASA welcomes the positive impact of lower fuel and food prices on the Consumer Price Index (CPI).
Stats SA reported today that the CPI was 3.5% in January, down from 3.6% in December. The CPI rose by 0.2% month-on-month in January 2026.
Among other factors contributing to the CPI, fuel prices continue to play a major role in reducing inflation, as petrol and diesel prices are currently at their lowest levels in four years. This is largely due to a strong rand and subdued oil prices.
Although the Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.75%, we remain optimistic that continued declines in inflation may increase the likelihood of a rate cut at the next meeting.
Any reduction in inflation directly eases the cost of living for consumers, whether purchasing food, refuelling vehicles or using inflation-linked goods and services.
A lower inflation rate increases disposable income, which can significantly benefit households. With more resources, workers can afford additional services, such as hiring domestic workers. This economic activity can help address unemployment and improve living standards for many families.
UASA is encouraged by the economic outlook, which benefits workers and offers hope for increased consumer spending. We look forward to further decreases in the inflation rate in the coming months.
For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.