Inflation Rate For 2024 South African Government. The forecast for 2024 is an average inflation rate of 5.2%, which has been revised up from the previous expectation of 4.9% as of december 2023. The current inflation rate in south africa is 4.40%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in august 2024.

This is the lowest inflation print since april 2021 when the rate was also 4,4%. The forecast for 2024 is an average inflation rate of 5.2%, which has been revised up from the previous expectation of 4.9% as of december 2023.