2024 Inflation Rate South Africa Forecast. Median estimate in bloomberg survey was for 5.4% acceleration The average inflation rate for the year was 6,0%, lower than 2022’s 6,9%.

Consumer price index cpi in south africa averaged 32.53 points from 1960 until 2024, reaching an all time high of 116.00 points in august of 2024 and a record low of 1.20 points in february of 1960. It was the lowest reading since late 2021.