South African Inflation Rate 2024. Average inflation expectations for this year dropped to 5.4% in the first quarter. Inflation rate in south africa decreased to 5.30 percent in march from 5.60 percent in february of 2024.
South africa’s inflation rate rose for the first time in three months in january on the back of higher fuel and food prices. The average inflation rate for the year was 6,0%, lower than 2022’s 6,9%.
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Average Inflation Expectations For This Year Dropped To 5.4% In The First Quarter.
South africa’s inflation rate in 2023 averaged 5.9%, down from 6.9% in 2022 but up from 4.5% in 2021, 3.3% in 2020, and 4.1% in 2019.
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The Current Inflation Rate In South Africa Is 5.31%, Which Is Calculated Based On Cpi (Consumer Price Index) Values For The Last 12 Months Ending In March 2024.
Inflation rate in south africa decreased to 5.30 percent in march from 5.60 percent in february of 2024.
The Graph Above Displays Annual Inflation Rates In South Africa For Calendar Years From 1958 To 2023.