Inflation Rate 2024 South Africa. Overall, the housing & utilities index increased by 2,6% between june and july, leading to an annual increase of. 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.

This is after inflation eased for four consecutive months this year alone, coming in at 3.8% for september from 4.4% in august and 4.6% in july, according to data from statistics. The 2022 average figure was 6.9%.