South Africa Inflation Rate

Last updated: 2024-10-28

Annual inflation

3.74%

YoY ending in Sep 2024

Monthly inflation

0.09%

September 2024

The graph above shows the annual inflation rates in South Africa for the previous 10 calendar years, from 2014. For additional years, see the historical inflation rates. To calculate cumulative rates between two different periods, you can use the South Africa Inflation Calculator.

The current inflation rate in South Africa is 3.74%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in September 2024.

In September 2024, the monthly inflation rate was 0.09.

The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values.

Year Measure Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2024 YoY 5.40 5.55 5.31 5.10 5.09 4.99 4.59 4.40 3.74
MoM 0.09 0.88 0.79 0.26 0.17 0.09 0.43 0.09 0.09
2023 YoY 7.19 7.34 7.26 7.12 6.59 5.66 4.81 4.80 5.45 6.09 5.60 5.21
MoM -0.09 0.74 1.02 0.46 0.18 0.18 0.82 0.27 0.72 0.89 -0.09 0.00

Historical Annual Inflation Rates from 1958

The table below contains annual inflation rates in South Africa from 1958. The 'Inflation %' column indicates how much prices have changed since the previous year.

The 5-year and 10-year columns display the rolling average of the yearly inflation. For example, the 5-year avg. on the first row indicates that between 2018 and 2023, the average inflation rate was 5.00%. These values can be useful for long-term analysis and forecasting.

You can click or tap the table’s headers to sort the information.

Year Inflation 5-year Avg. 10-year Avg.
1958 3.13 - -
1959 0.67 - -
1960 1.34 - -
1961 1.98 - -
1962 1.62 1.86 -
1963 0.96 1.44 -
1964 4.42 1.70 -
1965 3.32 2.25 -
1966 3.80 2.53 -
1967 2.25 2.99 2.42
1968 2.75 3.12 2.28
1969 3.75 3.26 2.48
1970 5.26 3.44 2.85
1971 7.50 3.93 3.23
1972 6.98 4.51 3.75
1973 8.70 5.99 4.55
1974 14.00 7.68 5.45
1975 12.28 9.35 6.36
1976 10.94 10.38 7.11
1977 11.27 11.34 7.87
1978 11.39 11.69 8.80
1979 14.77 12.00 9.82
1980 15.84 12.05 10.69
1981 13.68 12.89 11.63
1982 13.53 13.59 12.46
1983 10.60 13.83 12.75
1984 13.17 13.47 12.73
1985 18.52 13.99 13.01
1986 18.30 14.65 13.77
1987 14.72 14.96 14.27
1988 12.50 15.05 14.44
1989 15.50 15.71 14.58
1990 14.43 15.31 14.65
1991 16.37 14.66 14.66
1992 9.51 14.20 14.58
1993 9.55 13.58 14.31
1994 9.83 12.41 14.05
1995 6.93 11.28 13.28
1996 9.31 9.69 12.15
1997 6.17 8.65 11.40
1998 8.95 8.09 10.80
1999 2.24 7.33 9.84
2000 6.99 6.66 8.94
2001 4.59 6.33 8.00
2002 13.51 6.51 7.58
2003 -1.63 6.27 7.17
2004 2.20 5.05 6.19
2005 2.02 4.39 5.52
2006 4.82 3.90 5.11
2007 7.57 3.26 4.87
2008 9.34 4.11 5.18
2009 6.11 5.72 5.38
2010 3.42 6.13 5.26
2011 6.26 6.49 5.19
2012 5.73 6.40 4.82
2013 5.26 5.56 4.83
2014 5.44 5.34 5.53
2015 5.16 5.43 5.78
2016 7.03 5.75 6.12
2017 4.46 5.64 6.02
2018 4.51 5.39 5.47
2019 3.97 4.98 5.16
2020 3.06 4.71 5.07
2021 5.93 4.33 5.03
2022 7.50 4.69 5.16
2023 5.21 5.00 5.19

More historical data →