Current Inflation Rate 2024 South Africa. Core inflation rate in south africa is expected to be 4.30 percent by the end. South africa inflation rate for 2022 was 7.04%, a 2.43% increase from 2021.

While we expect headline inflation to slow further in coming months, we expect core inflation to accelerate from current levels into 2024, and to remain elevated. Consumer inflation sinks below 5%.