Inflation Rate South Africa 2024 Predictions. South africa inflation rate for 2020 was 3.21%, a 0.91% decline from 2019. Inflation in south africa will slow next year as global trends weighing on prices' growth combine with weak domestic consumer spending, a reuters poll found.

South africa’s annual inflation rate eased for the third month to 4.4% in august 2024, down from 4.6% in the prior month and below the expected 4.5%. The pace of disinflation has raised expectations that central banks in advanced economies will begin cutting interest rates in 2024 and continue into 2025.