Inflation Rate 2024 South Africa. South africa inflation rate for 2022 was 7.04%, a 2.43% increase from 2021. Inflation came in lower in august than july, according to statistics south africa’s (stats sa’s) consumer price index (cpi) published on wednesday.

Consumer inflation slowed for a third consecutive month, cooling to 4,4% in august from 4,6% in july. The 2022 average figure was 6.9%.