Current Inflation Rate 2024 South African Economy

Current Inflation Rate 2024 South African Economy. The inflation expectations of analysts, business people and trade unions declined further in the third quarter, with inflation now expected to average 5.1% this. The average inflation rate for the year was 6,0%, lower than 2022’s 6,9%.

Annual consumer price inflation was 5,2% in may, unchanged from april. Inflation is forecast at 4.5% in august compared to 4.6% in july.