what is the inflation rate in south africa

As of August 2023, the inflation rate in South Africa was 4.8%. This is within the South African Reserve Banks target range of 3% to 6%. The inflation rate has been quite stable for the past years, leveling off between 3.2% and 6.9%. However, the inflation rate is expected to be 5.20% by the end of the third quarter of 2023, and to trend around 5.10% in 2024 and 4.50% in 2025. The inflation rate for consumer prices in South Africa moved over the past 62 years between -0.7% and 18.7%. During the observation period from 1960 to 2022, the average inflation rate was 7.9% per year.