South Africa: Inflation, annual
* indicates monthly or quarterly data series
The most recent value is 4.41 percent as of August 2024, a decline compared to the previous value of 4.6 percent. Historically, the average for South Africa from January 2008 to August 2024 is 5.54 percent. The minimum of 2.05 percent was recorded in May 2020, while the maximum of 13.69 percent was reached in August 2008.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Statistics South Africa
| Recent values | South Africa: Inflation, annual percent change in the CPI |
|---|---|
| 2024 Aug | 4.41 |
| 2024 Jul | 4.6 |
| 2024 Jun | 5.1 |
| 2024 May | 5.2 |
| 2024 Apr | 5.21 |
| 2024 Mar | 5.32 |
| 2024 Feb | 5.56 |
| 2024 Jan | 5.32 |
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Definition: Percent change in the CPI from the same month last year.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 6.1 | 2023 | percent |
| Exchange rate regimes | 7 | 2021 | index points |
| USD exchange rate | 17.5903 | 9/2024 | Local Currency Units per USD |
| Money supply (broad money) | 4,186.71 | 6/2024 | billion |
| Consumer Price Index (CPI) | 116.0000 | 8/2024 | index points |
| Inflation, monthly | 0.09 | 8/2024 | percent |
| Inflation, annual | 4.41 | 8/2024 | percent |
| Private sector credit | 4,377.13 | 6/2024 | billion |
| Business credit | 2,223.08 | 6/2024 | billion |
| Household credit | 2,154.05 | 6/2024 | billion |
| Deposit interest rate | 8.90 | 3/2024 | percent |
| Mortgage credit interest rate | 11.75 | 5/2024 | percent |
| Policy rate | 8.00 | 9/2024 | percent |
| Household debt to GDP | 34.60 | 3/2024 | percent |
| Debt service ratios for private non-financial sector | 8.20 | Q1/2024 | percent |