Inflation Rate 2024 South Africa. 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 2022’s 6,9%.
The table below contains annual inflation rates in south africa from 1958. South africa’s consumer food price inflation decelerated significantly to 2.8% in october, the lowest level recorded in more than five years, signalling a possible respite for.