Inflation Rate Trends and Forecast for South Africa from 1990 to 2029

South Africa experienced high inflation during the early 1990s, peaking at 15.2% in 1991, reflecting political uncertainty during the apartheid transition. Inflation steadily declined to single digits by 1999, aided by economic reforms. Spikes, such as 11.0% in 2008, were tied to global crises and commodity price shocks.

Recent inflation peaked at 6.9% in 2022 but is expected to stabilize at 4.5% from 2027 onward, reflecting effective monetary policies and gradual economic recovery.