South Africa'S Current Inflation Rate 2024. Inflation, consumer prices (annual %) in south africa was reported at 6.0739 % in 2023, according to the world bank collection of development indicators, compiled from. Recent data provide a complete overview of how consumer inflation behaved in 2023.
The inflation rate is based upon the consumer price index (cpi). The average inflation rate for the year was 6,0%, lower than 2022’s 6,9%.