Inflation Rate For 2024 South Africa 2024. The annual change in the consumer price index (cpi) was 5,1% in june, down from 5,2% in may. South africa’s 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%.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or. Core consumer prices in south africa increased 4.10 percent in august of 2024 over the same month in the previous year.