Inflation Rate 2024 Sa. Inflation expectations in south africa decreased to 4.80 percent in the third quarter of 2024 from 5 percent in the second quarter of 2024. Frank blackmore, lead economist at kpmg, says the inflation rate of 2.8% is way below the sarb’s target level of 4.5%.
Annual consumer inflation cooled for a fourth consecutive month, easing to 3,8% in september from 4,4% in august. The consumer price index (cpi) increased by 2,8% in the 12 months to october 2024.