Average Inflation Rate South Africa 2024. The inflation rate is based upon the consumer price index (cpi). South african reserve bank governor lesetja kganyago delivered a strong argument for lowering the 3% to 6% inflation target that it has been guided by for the last 24.

South africa inflation rate for 2021 was 4.61% , a 1.4% increase from 2020. World bank national accounts data, and oecd national accounts data files.