Inflation Rate 2024 Sa. The current inflation rate in south africa is 5.09%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in may 2024. It is also encouraging that core inflation has been inside the target range for the past 37 months, remaining unchanged at 4.6% in may 2024.
According to oecd, consumer price inflation in south africa reached the peak of 8.8% in 2008. The 2022 average figure was 6.9%.
Drought Conditions And Higher Oil Prices Will Drive Food And Transport Price Growth.
Annual consumer price inflation pulled back in december, easing to 5,1% from 5,5% in november and 5,9% in october.
Union Budget 2024 Live Updates:
Inflation was softer in the second half of 2023.
Inflation Rate 2024 Sa Images References :
South Africa Inflation Rate For 2019 Was 4.12%, A 0.4% Decline From 2018.
Inflation was softer in the second half of 2023.
Inflation Heats Up For A Second Consecutive Month.
The average inflation rate for the year was 6,0%, lower than 2022โs 6,9%.