Sub-Saharan Africa
South Africa Inflation
Annual percentage change in consumer prices (CPI).
Latest Value
4.4%
As of 2024
YoY Change
-28.2%
2023 → 2024
Record High
18.7%
Recorded in 1986
Record Low
-0.7%
Recorded in 2004
10-Year Average
5.0%
2015–2024
Data Range
1960–2024
65 data points
Source
World Bank
Code: FP.CPI.TOTL.ZG
Historical Trend
Analysis
South Africa's inflation rate stands at 4.36% as of 2024, indicating a moderate increase in the general price level of goods and services. This rate is within the South African Reserve Bank's target range of 3-6%, which suggests that the economy is experiencing a relatively stable inflation environment. The inflation rate is influenced by various factors, including food prices, fuel costs, and exchange rates.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | 4.4% | 1.7% | -28.2% |
| 2023 | 6.1% | 1.0% | -13.7% |
| 2022 | 7.0% | 2.4% | +52.4% |
| 2021 | 4.6% | 1.4% | +42.9% |
| 2020 | 3.2% | 0.9% | -21.2% |
| 2019 | 4.1% | 0.4% | -9.0% |
| 2018 | 4.5% | 0.7% | -13.0% |
| 2017 | 5.2% | 1.4% | -21.5% |
| 2016 | 6.6% | 2.1% | +46.1% |
| 2015 | 4.5% | 1.6% | -26.3% |
Source: World Bank Open Data · 1960–2024
Neighbouring Countries Ranking
Sub-Saharan Africa · Inflation
Similar Rankings
Global · Inflation
