Inflation Rate 2024 South Africa. Consumer inflation slowed for a third consecutive month, cooling to 4,4% in august from 4,6% in july. The graph above displays annual inflation rates in south africa for calendar years from 1958 to 2023.
Inflation has remained within the 5% to 6% range for the past 10 months. Consumer inflation remains above 5% annual consumer inflation declined to 5,3% in march after climbing for the first two months of the year.