Current Inflation Rate 2024 South Africa. Electricity tariffs increased by 12,1% (compared with 15,3% in 2023),. South africa inflation rate for 2022 was 7.04%, a 2.43% increase from 2021.
Recent data provide a complete overview of how consumer inflation behaved in 2023. South africa’s inflation rate rose for the first time in three months in january on the back of higher fuel and food prices.