Inflation Rate For 2024 South African Economy

Inflation Rate For 2024 South African Economy. 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%. Consumer inflation slowed for a third consecutive month, cooling to 4,4% in august from 4,6% in july.

While headline inflation cooled down to 5.3% year on year in march 2024, it has continued to trend between 5% and 6% since september 2023, proving to be sticky, stubbornly high, and. Annual consumer price inflation was 5,2% in may, unchanged from april.