Inflation Rate 2024 South Africa 2024 Forecast. 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. South africa inflation rate for 2021 was 4.61%, a 1.4% increase from 2020.

Inflation is expected to average 5% in 2024. South africa’s annual inflation rate eased for the third month to 4.4% in august 2024, down from 4.6% in the prior month and below the expected 4.5%.