Inflation Rate 2024 South Africa 2024 Lok. It expects headline inflation to reach 4.5%, the midpoint of its target range, only near the end of 2025. Inflation came in at 5.3% in january, which was up from december’s 5.1%.

The annual change in the consumer price index (cpi) was 5,1% in june, down from 5,2% in may. The 2022 average figure was 6.9%.