Current Inflation Rate 2024 South African American. Current inflation rate 2024 south african american annual consumer inflation increased for a third consecutive month in october, verging on the upper limit of the south african. While we expect headline inflation to slow further in coming months, we expect core inflation to accelerate from current levels into 2024, and to remain elevated.

The headline rate was 5,9%, up from. South africa’s central bank said on thursday that inflation risks had eased somewhat, but it held its key rate for the sixth meeting in a row citing high inflation.