2024 Inflation Rate South Africa. The average inflation rate for the year was 6,0%, lower than 2022’s 6,9%. The current inflation rate in south africa is 4.99%, based on cpi values for the last 12 months ending in june 2024.

South african inflation expectations for the next two years edged closer to the 4.5% midpoint of the central bank’s target range, reinforcing the case for interest rate. The average inflation rate for the year was 6,0%, lower than 2022’s 6,9%.