Average Inflation Rate South Africa 2024. South africa inflation rate for 2021 was 4.61%, a 1.4% increase from 2020. On average, prices increased by 0,1% between august 2024 and september 2024.

Annual consumer price inflation pulled back in december, easing to 5,1% from 5,5% in november and 5,9% in october. South africa’s annual inflation rate eased for the third month to 4.4% in august 2024, down from 4.6% in the prior month and below the expected 4.5%.