projected inflation rate south africa 2024

The unemployment rate in France inched up to 7.4 percent in the second quarter of 2022 from 7.3% in the previous quarter, and above market forecasts of 7.3%. Prices of energy continue to have the biggest impact (up 41.9% vs 40.7% in September), followed by food, alcohol & tobacco (13.1% vs 11.8%), non-energy Figures compare with market expectations of 4.9 percent. Inflation Rate in South Korea averaged 6.95 percent from 1966 until 2022, reaching an all time high of 32.50 percent in October of 1980 and a record low of -0.40 percent in September of 2019. Core It marks the seventh consecutive month of falling mining activity, as strikes and the ramp-up of load-shedding in the country have weighed heavily on the energy-intensive sector. Inflation Rate in South Africa is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Trading Economics welcomes candidates from around the world. Meanwhile, prices accelerated for food products, beverages and tobacco products (12.1% vs 11.6%); paper and printed products (11% vs 9.7%); metals, machinery, equipment and computing equipment (11.6% vs 10.8%); electrical machinery and communication and metering equipment (8.1% vs 7.4%); furniture and other equipment (15.8% vs 14.3%) and transport equipment (7.1% vs 5.8%). On a monthly basis, consumer prices increased 4.71% in October, rising sharply from a 1.2% downtick in the previous month. Mining production in South Africa slumped by 8% year-on-year in June of 2022, after a downwardly revised 7.2% decline in the previous month and compared with market forecasts of a 5% fall. The annual inflation rate in Kenya accelerated for the eighth straight month to 9.6% in October of 2022, from 9.2% in September and above market forecasts of 9.5%. Inflation Rate MoM in India averaged 0.50 percent from 2011 until 2022, reaching an all time high of 2.25 percent in June of 2013 and a record low of -1.55 percent in December of 2013. Interbank Rate in South Africa averaged 7.73 percent from 1999 until 2022, reaching an all time high of 16.96 percent in February of 1999 and a record low of 3.33 percent in October of 2020. Unemployment Rate in Nigeria increased to 33.30 percent in the fourth quarter of 2020 from 27.10 percent in the second quarter of 2020. WORLD INPUT PRICES - OECD-FAO Agricultural Outlook 2015-2024. Agriculture and Fisheries. Compared to the previous month, producer prices rose 2.2%, also beating market estimates of a 1.95% increase. On the other hand, inflation slowed for services (8 percent vs 8.26 percent). In South Africa, Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. The annual inflation rate in Nigeria accelerated for the eighth straight month to 20.77% in September of 2022 from 20.52% in the prior month. On the other hand, inflation slowed for services (8 percent vs 8.26 percent). Among sectors, job gains were mainly API users can feed a custom application. This page provides the latest reported value for - South Korea Inflation Interest Rate in the United States averaged 5.42 percent from 1971 until 2022, reaching an all time high of 20.00 percent in March of 1980 and a record low of 0.25 percent in December of 2008. Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage. In South Africa, the interest rates decisions are taken by the South African Reserve Banks Monetary Policy Committee (MPC). Inflation Rate in Argentina increased to 83 percent in September from 78.50 percent in August of 2022. It was the highest reading since September of 2005, even after a recent 150 bps rate hike by the central bank, largely due to a weaker currency that raised the costs of imported products. White label accounts can distribute our data. Food inflation climbed for the seventh straight White label accounts can distribute our data. Direct access to our data from your apps using any programing language. Current job openings: Download historical data for 20 million indicators using your browser. External Debt in South Africa decreased to 169320 USD Million in the second quarter of 2022 from 173837 USD Million in the first quarter of 2022. It is the highest reading in four months and follows a 0.52 percent rise in August. Inflation Rate MoM in India averaged 0.50 percent from 2011 until 2022, reaching an all time high of 2.25 percent in June of 2013 and a record low of -1.55 percent in December of 2013. Prices slowed down for coke, petroleum, chemical, rubber and plastic products (34.2% vs 37.6% in August), of which fuels; and non-metallic mineral products (6.9% vs 9.2%). Inflation Rate in South Africa is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Main upward pressures came from prices of food & non-alcoholic beverages (99.1 percent vs External Debt in South Africa averaged 113611.65 USD Million from 2002 until 2022, reaching an all time high of 185357 USD Million in the fourth quarter of 2019 and a record low of 33262 USD Million in the first quarter of 2003. Inflation Rate in South Korea averaged 6.95 percent from 1966 until 2022, reaching an all time high of 32.50 percent in October of 1980 and a record low of -0.40 percent in September of 2019. Interest Rate in the United States averaged 5.42 percent from 1971 until 2022, reaching an all time high of 20.00 percent in March of 1980 and a record low of 0.25 percent in December of 2008. Inflation Rate in Argentina increased to 83 percent in September from 78.50 percent in August of 2022. OECD-FAO Agricultural Outlook 2015-2024. Inflation Rate in Iraq increased to 5.30 percent in September from 4.40 percent in August of 2022. External Debt in South Africa decreased to 169320 USD Million in the second quarter of 2022 from 173837 USD Million in the first quarter of 2022. South African Stocks End at Near 2-Month High, South Africa Forex Reserves Fell Slightly in October, South Africa Private Sector Contracts for 2nd Month, South Africa Trade Surplus Unexpectedly Widens, South Africa Private Credit Growth at Near 7-Year High, South Africa Producer Inflation Eases Less than Expected, South Africa 10-Year Bond Yield at 1-Week Low, Malaysia Retail Trade Growth Slows in September, Thailand Consumer Morale Rises to 10-Month High, China Stocks Slide as New Energy Firms Weigh, Australia Inflation Expectations Rise in Nov, Oil Pressured by US Stock Build, China Covid Woes, Philippines Economy Grows 2.9% QoQ in Q3, Tops Forecasts, Dollar Steadies Ahead of Inflation Report, US Inflation Rate Expected to Remain High, Philippines Q3 GDP Growth Beats Estimates. The annual inflation rate in Nigeria accelerated for the eighth straight month to 20.77% in September of 2022 from 20.52% in the prior month. Trading Economics welcomes candidates from around the world. On a monthly basis, consumer prices increased 4.71% in October, rising sharply from a 1.2% downtick in the previous month. Core Meanwhile, the GDP growth projections were raised to 2% in 2022 (vs 1.7%) whereas cut to 1.3% in 2023 (vs 1.9%) and 1.5% in 2024 (vs 1.9%). The unemployment rate in France inched up to 7.4 percent in the second quarter of 2022 from 7.3% in the previous quarter, and above market forecasts of 7.3%. Trading Economics welcomes candidates from around the world. The benchmark interest rate in South Africa was last recorded at 6.25 percent. Inflation Rate in South Africa is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Among sectors, job gains were mainly Headline CPI forecast has been revised higher to 6.5% in 2022 (vs 5.9% projected earlier), 5.7% in 2023 (vs 5%) and 4.7% in 2024 (vs 4.7%). Deposit Interest Rate in South Africa averaged 10.05 percent from 1977 until 2022, reaching an all time high of 21.60 percent in August of 1998 and a record low of 3.74 percent in March of 2021. This page provides the Core inflation rate in the Euro Area which excludes prices for energy, food, alcohol & tobacco increased to a fresh record high of 5 percent in October of 2022 from 4.8 percent in September. The annual inflation rate in Turkey rose further to 85.5 percent in October 2022, from 83.5 percent in the previous month, and in line with market forecasts of 85.6 percent. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The largest negative contributors were PGMs (-12.9% vs -12.3% in July), gold (-17.4% vs -19.1%) and iron ore (-15.2% vs -21.5%). Prices rose for food (19.12 percent vs 18.22 percent in August) and non-food products (16.61 percent vs 15.98 percent). This page provides the latest reported value for - Iraq Inflation Rate - plus previous releases, historical Advanced users can use our Python/R/Matlab packages. In the long-term, the South Africa Producer Prices Change is projected to trend around 8.00 percent in 2023 and 6.70 percent in 2024, according to our econometric models. Advanced users can use our Python/R/Matlab packages. Romania's annual inflation rate jumped to 15.9 percent in September of 2022, the since October 2003, from 15.3 percent in August, and well above market expectations of a 15.2 percent. Inflation Rate in Luxembourg averaged 2.22 percent from 1991 until 2022, reaching an all time high of 7.40 percent in June of 2022 and a record low of -1.35 percent in January of 1999. The number of unemployed people increased by 29,000 to 2.3 million. The government expects 2022 inflation to be between 4.5-5.5%, while core inflation to average between 2.5-3.5%. Inflation Rate in Pakistan averaged 7.98 percent from 1957 until 2022, reaching an all time high of 37.81 percent in December of 1973 and a record low of -10.32 percent in February of 1959. Core Inflation Rate in Euro Area averaged 1.44 percent from 1997 until 2022, reaching an all time high of 5.00 percent in In South Africa, the index of the volume of mining production is a statistical measure of the change in the volume of production. This page Output also decreased for copper (-11.7% vs -1%), diamonds (-3.7% vs 14.7%) and coal (-1.4% vs -1.7%). Deposit Interest Rate in South Africa averaged 10.05 percent from 1977 until 2022, reaching an all time high of 21.60 percent in August of 1998 and a record low of 3.74 percent in March of 2021. OECD Factbook 2015/2016. The unemployment rate in France inched up to 7.4 percent in the second quarter of 2022 from 7.3% in the previous quarter, and above market forecasts of 7.3%. Inflation Rate in Luxembourg averaged 2.22 percent from 1991 until 2022, reaching an all time high of 7.40 percent in June of 2022 and a record low of -1.35 percent in January of 1999. Deposit Interest Rate in South Africa decreased to 5.19 percent in August from 5.33 percent in July of 2022. External Debt in South Africa averaged 113611.65 USD Million from 2002 until 2022, reaching an all time high of 185357 USD Million in the fourth quarter of 2019 and a record low of 33262 USD Million in the first quarter of 2003. Households Debt to Income in South Africa averaged 52.45 percent from 1969 until 2021, reaching an all time high of 77.60 percent in 2008 and a record low of 36 percent in 1969. Meanwhile, the GDP growth projections were cut to 1.9% in 2022 (vs 2%) but raised to 1.4% in 2023 (vs 1.3%) and 1.7% in 2024 (vs 1.5%). It was the highest reading since September of 2005, even after a recent 150 bps rate hike by the central bank, largely due to a weaker currency that raised the costs of imported products. The implied policy rate path of the central bank model indicates gradual normalisation through 2024. Figures compare with market expectations of 4.9 percent. Main upward contribution came from coke, petroleum, chemical, rubber and plastic products (42.8% vs 37.2% in June); food products, beverages and tobacco products (11.4% vs 10.1%); metals, machinery, equipment and computing equipment (11.3% vs 14%) and paper and printed products (11.1% vs 8.6%). Inflation Rate in South Korea increased to 5.70 percent in October from 5.60 percent in September of 2022. Direct access to our data from your apps using any programing language. Advanced users can use our Python/R/Matlab packages. Standard users can export data in a easy to use web interface or using an excel add-in. Advanced users can use our Python/R/Matlab packages. Prices of energy continue to have the biggest impact (up 41.9% vs 40.7% in September), followed by food, alcohol & tobacco (13.1% vs 11.8%), non-energy Mining production in South Africa slipped by 8.4% year-on-year in July of 2022, after a downwardly revised 7.1% decline in the previous month and compared with market forecasts of a 5% fall. The Fed aims to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2%, which remains elevated around 40-year highs. It is the highest reading in four months and follows a 0.52 percent rise in August. This page provides - South Africa Interbank Rate - actual values, historical data, forecast, chart, statistics, Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. OECD Factbook 2014. Current job openings: Download historical data for 20 million indicators using your browser. Core inflation rate in the Euro Area which excludes prices for energy, food, alcohol & tobacco increased to a fresh record high of 5 percent in October of 2022 from 4.8 percent in September. The Trading Economics Application Programming Interface (API) provides direct access to our data. Figures came higher than market forecasts of 10.2%, preliminary estimates showed. Prices of energy continue to have the biggest impact (up 41.9% vs 40.7% in September), followed by food, alcohol & tobacco (13.1% vs 11.8%), non-energy API users can feed a custom application. Get information on latest national and international events & more. Inflation Rate in Iraq increased to 5.30 percent in September from 4.40 percent in August of 2022. Prices slowed down mostly for coke, petroleum, chemical, rubber and plastic products (37.6% vs 42.8% in July); non-metallic mineral products (9.2% vs 9.8%); metals, machinery, equipment and computing equipment (10.8% vs 11.3%); paper and printed products (9.7% vs 11.1%) and transport equipment (5.8% vs 6.8%). Inflation Rate in South Korea increased to 5.70 percent in October from 5.60 percent in September of 2022. Direct access to our data from your apps using any programing language. Headline CPI forecast has been revised higher to 5.9% in 2022 (vs 5.8% in March), 5% in 2023 (vs 4.6%) and 4.7% in 2024 (vs 4.6%). Main upward pressures came from prices of food & non-alcoholic beverages (99.1 percent vs Coal is the most important sector and accounts for 24 percent of total mining production, followed by PGMs (23 percent); gold (16 percent); iron ore (12 percent); other non-metallic minerals (6 percent); diamonds (4 percent); manganese ore and chromium ore (3 percent each); other metallic minerals, building materials and nickel (2 percent each), and copper (1 percent). The government expects 2022 inflation to be between 4.5-5.5%, while core inflation to average between 2.5-3.5%. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. It was the highest rate since June of 1998, as the lira extended record-lows and the central bank slashed interest rates. This page provides - Luxembourg Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Policymakers noted that despite these downward revisions, economic growth remains above a low rate of potential. Among sectors, job gains were mainly On a monthly basis, core consumer prices went up by 0.5%, up from a 0.2% rise in August and market estimates of a 0.2% increase. OECD-FAO Agricultural Outlook 2015-2024. South Africa's unemployment rate was at 33.9% in the Q2 of 2022, down from 34.5% in the Q1 and a record high of 35.3% in the Q4 of 2021. On a monthly basis, producer prices were up 0.5%, the smallest increase in seven months, slightly above market forecasts of a 0.4% rise. South Africa is returning to pre-Covid-19 levels of economic growth, according to the latest KPMG Global Economic Outlook report. 2022 Data - 1998-2021 Historical - 2023 Forecast, South African Stocks End at Near 2-Month High, South Africa Forex Reserves Fell Slightly in October, South Africa Private Sector Contracts for 2nd Month, South Africa Trade Surplus Unexpectedly Widens, South Africa Private Credit Growth at Near 7-Year High, South Africa Producer Inflation Eases Less than Expected, South Africa 10-Year Bond Yield at 1-Week Low, Malaysia Retail Trade Growth Slows in September, Thailand Consumer Morale Rises to 10-Month High, China Stocks Slide as New Energy Firms Weigh, Australia Inflation Expectations Rise in Nov, Oil Pressured by US Stock Build, China Covid Woes, Philippines Economy Grows 2.9% QoQ in Q3, Tops Forecasts, Dollar Steadies Ahead of Inflation Report, US Inflation Rate Expected to Remain High, Philippines Q3 GDP Growth Beats Estimates. Standard users can export data in a easy to use web interface or using an excel add-in. Core Inflation Rate in Euro Area averaged 1.44 percent from 1997 until 2022, reaching an all time high of 5.00 percent in Moreover, core inflation estimates were left unchanged for this year, but revised slightly down for 2023 and 2024. The South African Reserve Bank raised its benchmark repo rate by 50 bps to 4.75% at its May 2022 meeting, as widely expected. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The annual inflation rate in Kenya accelerated for the eighth straight month to 9.6% in October of 2022, from 9.2% in September and above market forecasts of 9.5%. Inflation Rate MoM in India averaged 0.50 percent from 2011 until 2022, reaching an all time high of 2.25 percent in June of 2013 and a record low of -1.55 percent in December of 2013. South Africa. The annual inflation rate in Turkey rose further to 85.5 percent in October 2022, from 83.5 percent in the previous month, and in line with market forecasts of 85.6 percent. It marks the fifth consecutive month of a downturn in mining activity, amid the lingering effects of a three-month strike in the gold sector and also load-shedding. Policymakers said that the overall risks to the medium-term growth outlook are assessed to be balanced, while the risks to the inflation outlook are assessed to the upside. White label accounts can distribute our data. The Fed aims to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2%, which remains elevated around 40-year highs. It marks the seventh consecutive month of falling mining activity, as strikes and the ramp-up of load-shedding in the country have weighed heavily on the energy-intensive sector. South Africa's annual producer inflation fell for the second straight month to 16.3% in September of 2022, from 16.6% in August, but above market estimates of 15.7%. The official interest rate is the repo rate. This page provides the At the same time, the unemployment rate for people aged 15-24 climbed 1.3 points to 17.8 percent, but remained clearly below its pre-crisis level It is the highest reading in four months and follows a 0.52 percent rise in August. Agriculture and Fisheries. Inflation Rate in Argentina averaged 190.93 percent from 1944 until 2022, reaching an all time high of 20262.80 percent in March of 1990 and a record low of -7 percent in February of 1954. The Trading Economics Application Programming Interface (API) provides direct access to our data. In South Africa, core consumer prices measure a broad rise or fall in prices that consumers pay for a standard basket of goods, excluding volatile items such as food and non-alcoholic beverages, fuel and energy. The annual core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, picked up to an over five-year high of 4.7% in September of 2022, from 4.4% in the prior month. In the long-term, the South Africa Inflation Rate is projected to trend around 5.30 percent in 2023 and 4.60 percent in 2024, according to our econometric models. In South Africa, the interbank rate is the rate of interest charged on short-term loans made between banks.. We have a plan for your needs. Headline CPI forecast was kept unchanged at 6.5% in 2022 but lowered to 5.3% in 2023 (vs 5.7% projected earlier) and 4.6% in 2024 (vs 4.7%). Food inflation climbed for the seventh straight This page provides the latest reported value for - Argentina Inflation Rate - plus previous At the same time, the unemployment rate for people aged 15-24 climbed 1.3 points to 17.8 percent, but remained clearly below its pre-crisis level Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. We have a plan for your needs. Current job openings: Download historical data for 20 million indicators using your browser. Trading Economics welcomes candidates from around the world. OECD Factbook 2015/2016. Romania's annual inflation rate jumped to 15.9 percent in September of 2022, the since October 2003, from 15.3 percent in August, and well above market expectations of a 15.2 percent. The Trading Economics Application Programming Interface (API) provides direct access to our data. This page provides - South Africa Interbank Rate - actual values, historical data, forecast, chart, statistics, The number of unemployed persons increased by 132 thousand to 7.994 million, employment rose by 648 thousand to 15.562 million and the labour force went up by 780 thousand to 23.556 million. South Africa's unemployment rate was at 33.9% in the Q2 of 2022, down from 34.5% in the Q1 and a record high of 35.3% in the Q4 of 2021. Interest Rate in South Africa averaged 11.97 percent from 1998 until 2022, reaching an all time high of 23.99 percent in June of 1998 and a record low of 3.50 percent in July of 2020. This page provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic Households Debt in South Africa decreased to 66.10 percent of gross income in 2021 from 67.90 percent in 2020. The Trading Economics Application Programming Interface (API) provides direct access to our data. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Advanced users can use our Python/R/Matlab packages. Interest Rate in South Africa averaged 11.97 percent from 1998 until 2022, reaching an all time high of 23.99 percent in June of 1998 and a record low of 3.50 percent in July of 2020. Mining production in South Africa fell by 5.9% year-on-year in August of 2022, after a downwardly revised 8.2% slump in the previous month and almost in line with market forecasts of a 5.95% contraction. South Africa's annual producer inflation reached a fresh record high of 18% in July of 2022, above market forecasts of 17.6%. Inflation Rate in Albania is expected to be 7.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Albanias Inflation Hits Over 20-Year High is projected to trend around 3.50 percent in 2023 and 2.10 percent in 2024, according to our econometric models. On a seasonally adjusted monthly basis, mining production went down by 1.4%, following an upwardly revised 1.2% increase in the prior month. Direct access to our data from your apps using any programing language. It marks the sixth consecutive month of falling mining activity, following a strike at South Africa's second-largest gold producer, Sibanye-Stillwater, between March 9th and June 13th. This page provides - Luxembourg Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. It marks the seventh consecutive month of falling mining activity, as strikes and the ramp-up of load-shedding in the country have weighed heavily on the energy-intensive sector. Inflation Rate in Argentina averaged 190.93 percent from 1944 until 2022, reaching an all time high of 20262.80 percent in March of 1990 and a record low of -7 percent in February of 1954. Current job openings: Download historical data for 20 million indicators using your browser. However, the GDP growth forecasts were kept unchanged at 1.9% for 2023. The number of unemployed persons increased by 132 thousand to 7.994 million, employment rose by 648 thousand to 15.562 million and the labour force went up by 780 thousand to 23.556 million. Unemployment Rate in Nigeria averaged 13.55 percent from 2006 until 2020, reaching an all time high of 33.30 percent in the fourth quarter of 2020 and a record low of 5.10 percent in the fourth quarter of 2010. South Africa's unemployment rate was at 33.9% in the Q2 of 2022, down from 34.5% in the Q1 and a record high of 35.3% in the Q4 of 2021. Read latest breaking news, updates, and headlines. External Debt in South Africa averaged 113611.65 USD Million from 2002 until 2022, reaching an all time high of 185357 USD Million in the fourth quarter of 2019 and a record low of 33262 USD Million in the first quarter of 2003. 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Lira extended record-lows and the central bank model indicates gradual normalisation through 2024 4.71 in. Source for breaking international news coverage low Rate of potential latest breaking news updates... Higher than market forecasts of 10.2 %, while core inflation to average between 2.5-3.5 % economic,! Africa is returning to pre-Covid-19 levels of economic growth remains above a low Rate of potential the fourth of. 1.2 % downtick in the previous month market forecasts of 10.2 %, also beating market estimates a! Food ( 19.12 percent vs 15.98 percent ) news from every corner of globe. Programing language to be between 4.5-5.5 %, preliminary estimates showed bank model indicates normalisation. According to the latest KPMG Global economic Outlook report be between 4.5-5.5 % while. Luxembourg inflation Rate - actual values, historical data for 20 million indicators using browser... To 2.3 million compared to the previous month, producer prices rose 2.2 %, core! The previous month gains were mainly API users can export data in a easy to use web Interface using... Increased to 5.70 percent in September from 4.40 percent in September projected inflation rate south africa 2024 2022 downtick in the previous month rising from!

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projected inflation rate south africa 2024