Current Inflation Rate 2024 South Africa 2024

Current Inflation Rate 2024 South Africa 2024. South africa would gain significant economic benefits by adopting a lower inflation target though the process should be carefully managed, according to the international. The current inflation rate in south africa is 2.83%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in october 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%. “even if the average in 2024 is considered at 4.4%, that implies a real repo rate of 3.6%, which is close to a full percentage point above the sarb’s perceived neutral interest rate.