Current Inflation Rate South Africa 2024. The current inflation rate in south africa is 3.74%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in september 2024. South africa inflation rate for 2023 was 6.07%, a 0.97% decline from 2022.
Inflation expectations in south africa decreased to 4.80 percent in the third quarter of 2024 from 5 percent in the second quarter of 2024. South africaโs annual inflation rate fell for the second month to 4.6% in july 2024, the softest in three years, down from 5.1% in the prior month and edging closer to the central bank’s preferred target of 4.5%.
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