2024 Inflation Rate South Africa 2022. The annual producer price inflation in south africa dipped to 4.2% in july 2024, easing from 4.6% in the prior month and falling below forecasts of 4.5%. World bank national accounts data, and oecd national accounts data files.

South africa’s annual inflation rate eased for the third month to 4.4% in august 2024, down from 4.6% in the prior month and below the expected 4.5%. The fiscal stance is expected to be contractionary in 2023 and 2024 to consolidate public finances, achieved mostly by containing the public sector wage bill.