Average Inflation Rate South Africa 2024. The average inflation rate for 2023 was 6.0%, lower than 6.9% in 2022, statistics south africa said. Annual consumer inflation cooled for a fourth consecutive month, easing to 3,8% in september from 4,4% in august.

Annual consumer inflation cooled for a fourth consecutive month, easing to 3,8% in september from 4,4% in august. Core inflation rate in south africa averaged 4.67 percent from 2009 until 2024, reaching an all time high.