Inflation Rate 2024 South Africa

Inflation Rate 2024 South Africa. Annual inflation slowed sharply in october to 2.8% from 3.8% in september, the lowest reading in south africa since june 2020 when it was 2.2% and making an interest rate. South africa inflation rate for 2022 was 7.04%, a 2.43% increase from 2021.

Inflation expectations in south africa decreased to 4.80 percent in the third quarter of 2024 from 5 percent in the second quarter of 2024. South africa’s inflation rate is expected to fall below 4% for the first time in more than three years in september, sealing the case for borrowing costs to be lowered again next month.