Inflation Rate 2024 South Africa. South africa inflation rate for 2020 was 3.21%, a 0.91% decline from 2019. South africa inflation rate was at level of 5.1 % in april 2024, down from 5.3 % previous month.
Inflation falls to lowest level since december 2023 in april. The rand ended a tumultuous week on a.
Annual Consumer Price Inflation Pulled Back In December, Easing To 5,1% From 5,5% In November And 5,9% In October.
South africa's consumer inflation fell slightly more than expected in march, but analysts said the central bank was unlikely to start cutting interest rates for some months yet.
International Monetary Fund, International Financial Statistics And Data Files.
Central bank seen maintaining benchmark interest rate july 18.
Inflation Rate 2024 South Africa Images References :
Inflation Falls To Lowest Level Since December 2023 In April.
The current inflation rate in south africa is 5.09%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in may 2024.
According To Oecd, Consumer Price Inflation In South Africa Reached The Peak Of 8.8% In 2008.
Still, it remains above the central bank’s preferred target of 4.5%.