Current annual inflation rate is 2.74% and monthly is 0.19%

National year-on-year house price inflation is at 2.74%, having decreased consistently since early 2021.

Annual property inflation remained steady in KwaZulu-Natal and Mpumalanga, increased in the Free State and Limpopo, and decreased in the Eastern Cape, Gauteng, North West, the Northern Cape and the Western Cape.

Annual property inflation in the Low Value segment was once again much higher than that in other segments - inflation for properties in the Low Value segment was 9.1%, compared to 3.5% for properties in Mid Value segment.

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01 Feb 2023
Author Lightstone

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