Current Inflation Rate 2024 South Africa. South africa inflation rate for 2023 was 6.07%, a 0.97% decline from 2022. The consumer price index (cpi) increased by 2,8% in the 12 months to october 2024.
The average inflation rate for the year was 6,0%, lower than 2022โs 6,9%. Consumer inflation cools further in october.