Inflation Rate 2024 South Africa. The forecast for 2024 is an average inflation rate of 5.2%. The rate has held its ground between 5% and 6% since september 2023.
The headline rate was 5,9%, up from 5,4% in. February 21, 2024 at 1:31 am pst.
The 'Inflation %' Column Indicates How Much Prices Have Changed Since The Previous Year.
Review gave a clear view of the central bank’s inflation and interest rate views.
South Africa’s Inflation Rate Rose For The First Time In Three Months In January On The Back Of Higher Fuel And Food Prices.
The median results of the poll predict that inflation will drop from an average of 5.8% in 2023, to 5.0% in 2024, and 4.5% in 2025.
The Rate Then Dipped Below This.
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Drought Conditions And Higher Oil Prices Will Drive Food And Transport Price Growth.
Consumer inflation accelerates to 5,9%.
From An Estimated Average Of 5.8% This Year, Inflation Is Expected To Decline To 5.0% Next Year And 4.5% In 2025, According To The Median Forecasts Of 19 Economists Polled From Dec.
South africa inflation rate for 2022 was 7.04%, a 2.43% increase from 2021.
Annual Consumer Inflation Quickened In February, Rising To 5,6% From 5,3% In January And 5,1% In December.