2024 Cpi Increase South Africa. The cpi is based on the total expenditure. Core consumer prices in south africa increased 4.50 percent in june of 2024 over the same month in the previous year.

South africa’s economic growth outlook for 2024, at 1.0% y/y, is stronger than 2023’s likely 0.5% y/y outcome, with 2024 expected to see the start of an interest rate cutting cycle, as well as lower inflation on average, and. South africa consumer price index (cpi) growth was measured at 6.8 % yoy in apr 2023, compared with a rate of 7.1 % in the previous month.