Current Inflation Rate South Africa June 2024. — south africa's consumer inflation fell slightly more than expected in march, but analysts said the central bank was unlikely to start cutting interest rates for some months yet. Although on the right path, and well within the sarb’s historic target band, inflation remains above the 4.5% target level.
In july 2024, the monthly inflation rate was 0.43. Core consumer prices in south africa increased 4.30 percent in july of 2024 over the same month in the previous year.