Inflation Rate South Africa 2024 Predictions. Power cuts seen shaving 0.6 pct points off 2024 growth Inflation in south africa will slow next year as global trends weighing on prices' growth combine with weak domestic consumer spending, a reuters poll found.
At the january 2024 mpc meeting, the sarb is expected to confirm its projections for easing inflation and its willingness to ease interest rates once inflation is close to the midpoint of the. The rate of price growth for 2024 is now seen climbing to 5.9% from 5.8% and to 5.6% the year thereafter, according to participants in the poll of analysts, business people,.