2024 Inflation Rate Sa

2024 Inflation Rate Sa. “we expect that the interest rate cutting cycle will continue in the new year and we pencil in two more 25 basis point cuts in 2025, ending. 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%.

South africa experienced high inflation rates from 2013 to 2022, averaging 6.9% in 2022. Lower annual rates were recorded for several product groups, most notably transport, housing, and restaurants & hotels.