Average Inflation Rate South Africa 2024. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of. The bank forecast south africa’s gross domestic product to increase by 0.9% in 2024, inflation to continue to decline and the prime lending rate to decline by a cumulative 50.

South africa’s headline inflation rate eased for the second consecutive month in april 2024, falling to 5.2% from 5.3% in march. South africa experienced an average inflation rate of 7.51% between.