Inflation Rate 2024 Sa. The graph above displays annual inflation rates in south africa for calendar years from 1958 to 2023. The current inflation rate in south africa is 4.99%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in june 2024.
The 2024 forecast for services inflation remains unchanged at 4.8%, while core goods inflation is projected to ease notably from 6.1% in 2023 to 4.5% this year. Graph and download economic data for inflation, consumer prices for south africa (fpcpitotlzgzaf) from 1960 to 2023 about south africa, consumer, cpi, inflation, price index, indexes, and price.
Global Inflation Was Expected To Continue To Moderate But To Remain Above Major Central Banksโ Targets In 2024, Converging To Targets From Next Year, The Bank Said.
A core inflation rate of around 4.5% would argue strongly in favour of the reserve bank starting the interest rate cutting cycle, especially since the repo rate is.
The Average Inflation Rate For The Year Was 6,0%, Lower Than 2022โS 6,9%.
The consumers price index (cpi) measures the rate of price change of goods and services purchased by households.
Inflation Rate 2024 Sa Images References :
The Monthly Rate Was 0,1% In June.
The inflation rate is based.
It Measures Changes In The Average Level Of Prices Over A.
South africa inflation rate for 2020 was 3.21%, a 0.91% decline from 2019.