South African Reserve Bank

In 2024, South Africa’s inflation rate has stabilized around 4.4%, offering a positive economic outlook. SARB’s cautious interest rate cuts signal hope for reduced borrowing costs, while factors such as global commodity prices, local energy costs, and exchange rates continue to impact inflation. By keeping inflation within the target range, South Africa aims for stable economic growth and improved living standards. For more detailed information, visit Statistics South Africa or the Reserve Bank of South Africa.