South Africa inflation rate for 2024 was 4.36%, a 1.71% decline from 2023.
South Africa inflation rate for 2023 was 6.08%, a 0.96% decline from 2022.
South Africa inflation rate for 2022 was 7.04%, a 2.42% increase from 2021.
South Africa inflation rate for 2021 was 4.62%, a 1.39% increase from 2020.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.