South Africa inflation rate for 2023 was 6.07%, a 0.97% decline from 2022.
South Africa inflation rate for 2022 was 7.04%, a 2.43% increase from 2021.
South Africa inflation rate for 2021 was 4.61%, a 1.4% increase from 2020.
South Africa inflation rate for 2020 was 3.21%, a 0.91% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
