2024 Inflation Rate South Africa 2024. 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%. Annual consumer inflation declined to 5,3% in march after climbing for the first two months of the year.

The 2022 average figure was 6.9%. Annual consumer inflation cooled for a fourth consecutive month, easing to 3,8% in september from 4,4% in august.