2024 Inflation Rate South Africa Forecast

2024 Inflation Rate South Africa Forecast. Nineteen leading economists predict that 2024 will see lower inflation as a result of trends that have seen less domestic consumer spending. Consumer price index cpi in south africa decreased to 116 points in october from 116.10 points in september of 2024.

In q2 2024, they expect consumer inflation to register 5.3% in 2024 and fall to 4.9% in 2026. Inflation expectations in south africa decreased to 4.80 percent in the third quarter of 2024 from 5 percent in the second quarter of 2024.