South Africa Inflation Rate 1960-2024
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.
- South Africa inflation rate for 2023 was 6.07%, a 0.97% decline from 2022.
- South Africa inflation rate for 2022 was 7.04%, a 2.43% increase from 2021.
- South Africa inflation rate for 2021 was 4.61%, a 1.4% increase from 2020.
- South Africa inflation rate for 2020 was 3.21%, a 0.91% decline from 2019.
| South Africa Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
6.07% |
-0.97% |
| 2022 |
7.04% |
2.43% |
| 2021 |
4.61% |
1.40% |
| 2020 |
3.21% |
-0.91% |
| 2019 |
4.12% |
-0.40% |
| 2018 |
4.52% |
-0.67% |
| 2017 |
5.18% |
-1.39% |
| 2016 |
6.57% |
2.03% |
| 2015 |
4.54% |
-1.59% |
| 2014 |
6.13% |
0.35% |
| 2013 |
5.78% |
0.06% |
| 2012 |
5.72% |
0.73% |
| 2011 |
5.00% |
0.91% |
| 2010 |
4.09% |
-3.13% |
| 2009 |
7.22% |
-2.86% |
| 2008 |
10.07% |
3.90% |
| 2007 |
6.18% |
2.93% |
| 2006 |
3.24% |
1.18% |
| 2005 |
2.06% |
2.75% |
| 2004 |
-0.69% |
-6.37% |
| 2003 |
5.68% |
-3.82% |
| 2002 |
9.49% |
3.79% |
| 2001 |
5.70% |
0.36% |
| 2000 |
5.34% |
0.16% |
| 1999 |
5.18% |
-1.70% |
| 1998 |
6.88% |
-1.72% |
| 1997 |
8.60% |
1.24% |
| 1996 |
7.35% |
-1.33% |
| 1995 |
8.68% |
-0.26% |
| 1994 |
8.94% |
-0.78% |
| 1993 |
9.72% |
-4.16% |
| 1992 |
13.87% |
-1.46% |
| 1991 |
15.33% |
1.01% |
| 1990 |
14.32% |
-0.41% |
| 1989 |
14.73% |
1.95% |
| 1988 |
12.78% |
-3.38% |
| 1987 |
16.16% |
-2.49% |
| 1986 |
18.65% |
2.36% |
| 1985 |
16.29% |
4.77% |
| 1984 |
11.53% |
-0.78% |
| 1983 |
12.30% |
-2.34% |
| 1982 |
14.64% |
-0.62% |
| 1981 |
15.25% |
1.59% |
| 1980 |
13.66% |
0.37% |
| 1979 |
13.29% |
2.16% |
| 1978 |
11.14% |
-0.02% |
| 1977 |
11.15% |
0.13% |
| 1976 |
11.02% |
-2.41% |
| 1975 |
13.43% |
1.70% |
| 1974 |
11.72% |
2.29% |
| 1973 |
9.43% |
3.01% |
| 1972 |
6.43% |
0.47% |
| 1971 |
5.96% |
0.97% |
| 1970 |
4.99% |
1.75% |
| 1969 |
3.24% |
1.25% |
| 1968 |
1.99% |
-1.55% |
| 1967 |
3.54% |
0.05% |
| 1966 |
3.49% |
-0.58% |
| 1965 |
4.07% |
1.53% |
| 1964 |
2.54% |
1.20% |
| 1963 |
1.34% |
0.09% |
| 1962 |
1.25% |
-0.86% |
| 1961 |
2.10% |
0.81% |
| 1960 |
1.29% |
0.81% |
