Inflation Rate 2024 South Africa 2024. South africa's inflation rate dropped sharply in october to its lowest level since the peak of the covid pandemic, data showed on wednesday, buttressing expectations for. The rate has held its ground between 5% and 6% since september 2023.

Annual consumer inflation cooled for a fourth consecutive month, easing to 3,8% in september from 4,4% in august. The inflation rate is based upon the.