Inflation Rate 2024 South Africa 2024 Forecast. According to the momentum investments group, given the improved inflation trajectory, another 25 basis point cut can be expected in november (the last interest rate. Inflation rate in south africa averaged 8.64 percent from 1968 until 2024, reaching an all time high of 20.70 percent in january of 1986 and a record low of 0.20 percent in january of 2004.
According to oecd, consumer price inflation in south africa reached the peak of 8.8% in 2008. Inflation expectations in south africa decreased to 4.80 percent in the third quarter of 2024 from 5 percent in the second quarter of 2024.