Annual core inflation rate in South Africa edged down to 3.6% in December 2024, the lowest since February 2022, compared to 3.7% in November. Core Inflation Rate in South Africa averaged 4.66 percent from 2009 until 2024, reaching an all time high of 8.40 percent in May of 2009 and a record low of 2.50 percent in February of 2021. source: Statistics South Africa
Core consumer prices in South Africa increased 3.60 percent in December of 2024 over the same month in the previous year.
Core consumer prices in South Africa increased 3.60 percent in December of 2024 over the same month in the previous year. Core Inflation Rate in South Africa is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Core Inflation Rate is projected to trend around 4.40 percent in 2026, according to our econometric models.