2024 Inflation Rate South Africa Forecast. Consumer inflation sinks below 5%. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth.

Core consumer prices in south africa increased 4.10 percent in august of 2024 over the same month in the previous year. The 2022 average figure was 6.9%.