2024 Inflation Rate South Africa 2024. 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%. Consumer inflation remains above 5% annual consumer inflation declined to 5,3% in march after climbing for the first two months of the year.
South africa inflation rate for 2021 was 4.61% , a 1.4% increase from 2020. Based upon the consumer price index and south african rand official data publications.