Current Inflation Rate 2024 South Africa 2024. The south african national government spent r2,04 trillion1 in the 2022/23 financial year, representing a rise of 6,1% from r1,92 trillion in 2021/22. Inflation rate in south africa decreased to 4.60 percent in july from 5.10 percent in june of 2024.

The ‘inflation %’ column indicates how much prices have changed since the previous year. The inflation rate is based upon the consumer price.