South Africa Inflation Rate 1960-2024

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.
  • 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.
  • South Africa inflation rate for 2019 was 4.12%, a 0.4% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Turkey 72.31%
Suriname 52.45%
Bulgaria 15.33%
Belarus 15.21%
North Macedonia 14.20%
Bosnia 14.02%
Azerbaijan 13.85%
Romania 13.80%
Montenegro 13.04%
Serbia 11.98%
Botswana 11.67%
Tonga 10.97%
Samoa 10.96%
Mauritius 10.77%
Jamaica 10.35%
Colombia 10.18%
Paraguay 9.77%
Brazil 9.28%
Algeria 9.27%
Dominican Republic 8.81%
Armenia 8.64%
Peru 8.33%
Costa Rica 8.27%
Mexico 7.90%
South Africa 7.04%
Guatemala 6.89%
Albania 6.73%
St. Lucia 6.38%
Namibia 6.08%
Thailand 6.08%
St. Vincent and the Grenadines 5.66%
Iraq 4.99%
Equatorial Guinea 4.79%
Fiji 4.52%
Gabon 4.23%
Jordan 4.23%
Ecuador 3.47%
Malaysia 3.38%
Maldives 2.33%
China 1.97%
South Africa Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 7.04% 2.43%
2021 4.61% 1.40%
2020 3.21% -0.91%
2019 4.12% -0.40%
2018 4.52% -0.67%
2017 5.18% -1.39%
2016 6.57% 2.03%
2015 4.54% -1.59%
2014 6.13% 0.35%
2013 5.78% 0.06%
2012 5.72% 0.73%
2011 5.00% 0.91%
2010 4.09% -3.13%
2009 7.22% -2.86%
2008 10.07% 3.90%
2007 6.18% 2.93%
2006 3.24% 1.18%
2005 2.06% 2.75%
2004 -0.69% -6.37%
2003 5.68% -3.82%
2002 9.49% 3.79%
2001 5.70% 0.36%
2000 5.34% 0.16%
1999 5.18% -1.70%
1998 6.88% -1.72%
1997 8.60% 1.24%
1996 7.35% -1.33%
1995 8.68% -0.26%
1994 8.94% -0.78%
1993 9.72% -4.16%
1992 13.87% -1.46%
1991 15.33% 1.01%
1990 14.32% -0.41%
1989 14.73% 1.95%
1988 12.78% -3.38%
1987 16.16% -2.49%
1986 18.65% 2.36%
1985 16.29% 4.77%
1984 11.53% -0.78%
1983 12.30% -2.34%
1982 14.64% -0.62%
1981 15.25% 1.59%
1980 13.66% 0.37%
1979 13.29% 2.16%
1978 11.14% -0.02%
1977 11.15% 0.13%
1976 11.02% -2.41%
1975 13.43% 1.70%
1974 11.72% 2.29%
1973 9.43% 3.01%
1972 6.43% 0.47%
1971 5.96% 0.97%
1970 4.99% 1.75%
1969 3.24% 1.25%
1968 1.99% -1.55%
1967 3.54% 0.05%
1966 3.49% -0.58%
1965 4.07% 1.53%
1964 2.54% 1.20%
1963 1.34% 0.09%
1962 1.25% -0.86%
1961 2.10% 0.81%
1960 1.29% 0.81%