.form-style-9 ul li .field-full{ text += ( x + ": " + myObject[x] + " "); 1988 The CPI is based on the total expenditure of all Prices of transport (25% vs 20% in June), mostly fuels (56.2% vs 45.3%); food and non-alcoholic beverages (9.7% vs 8.6%), notably oils & fats (36.2% vs 32.5%) and bread & cereals (13.7% vs 11.2%); and housing and utilities (4% vs 5.1%), namely electricity (8.1% vs 14.5%) continued to be the main drivers of inflation. 1996 padding: 30px; var inYear =[1959, 1960 , 1961 , 1962 ,1963 , 1964 , 1965 , 1966,1967, 1968, 1969, 1970 , 1971 , 1972 , 1973 , 1974 , 1975, 1976 , 1977, 1978 , 1979 , 1980 , 1981, 1982, 1983, 1984 , 1985 , 1986, 1987 , 1988 , 1989 , 1990 , 1991 , 1992, 1993, 1994, 1995, 1996, 1997, 1998 , 1999 , 2000 , 2001, 2002, 2003, 2004, 2005, 2006, 2007 , 2008, 2009, 2010, 2011, 2012 , 2013, 2014, 2015, 2016 , 2017 , 2018 ,2019,2020] ; South African Inflation. To calculate the inflation adjustment on the capital amount invested, the reference cpi on the cpi calculation date is divided by the base rate multiplied by the capital amount invested. } 1994 To calculate inflation using the consumer price index, or cpi, subtract the cpi. 1963 1976 # of years). .form-style-9 ul li .field-style{ var dateComp = 0; 2018 .form-style-9 ul li input[type="submit"] { Result. } In other words, the purchasing power of r100 in 1958 equals r9,925.96 in 2021. var f = document.getElementById("slct3"); cObject("Select Start Year"); display: inline-block; 1997 Inflation, consumer prices (annual %) - South Africa from The World Bank: Data. for (var i=0, iLen=options.length; i
"; The values on the December column are equivalent to annual inflation rates. 66 rows the south african rand has lost 99.049% of its value since 1958. 1966 padding:0; The south africa inflation calculator will measures the buying power of the rand from 1960 to 2020. // alert( finalValue); Rates of inflation are calculated using the current Consumer Price Index published monthly by the Bureau of Labor Statistics ( BLS ). // Calculate the Starting Loop Number Eastern Cape: 3.7%. } 2014 margin: 50px auto; // Graph 1 2019 font: 12px Arial, Helvetica, sans-serif; var Header = ['Year', 'Depreciation Buying Power']; outline: none; } 1965 [6d7f308e]. width: 80%; 1996 function devalueCurr (s1, e1, valIn,yearIns,inMoney){ // Push in the Value into the Array to build the Graph // ----------------Looping Value-------------- How to calculate the inflation rate. South Africa's annual inflation rate eased for the second month to 7.5% in September of 2022, from 7.6% in August, matching market expectations but still above the upper limit of the South African Reserve Banks target range of 3%-6%. document.getElementById("getError").innerHTML = text; if( dropSelect == 0){ A brief overview of the inflation rate in south africa. inputAmount = document.getElementById("getAmount").value; This means that 100 rand in 2021 are equivalent to 109.87 rand in To calculate the inflation adjustment on the capital amount invested, the reference cpi on the cpi calculation date is divided by the base rate multiplied by the capital amount invested. Meanwhile, price pressures intensified for other CPI items including food & non-alcoholic beverages (11.9% vs 11.3%), notably oils & fats (29%) and bread & cereals (19.3%); alcoholic beverages & tobacco (5.9% vs 5.2%); housing & utilities (4.2% vs 4%); restaurants & hotels (7.9% vs 5.8%) and miscellaneous goods & services (4% vs 3.7%). Disclaimer 1975 Lets say, after five months, you are left with paying off R44,055 only. } //alert (interValue); return; The results show that the conventionally calculated, plutocratic weight mitigate the negative effects of inflation and South African price surveys are limited to urban areas only. var inflationRate = [0,1.01289,1.02102,1.01246,1.01338,1.02535,1.04069,1.03489,1.03539,1.01986,1.03238,1.04992,1.05957,1.06426,1.09434,1.11724,1.13426,1.1102,.111152,1.11136,1.13294,1.1366,1.15254,1.14639,1.12303,1.11526,1.16294,1.18655,1.16161,1.1278,1.14731,1.14321,1.15335,1.13875,1.09717,1.08939,1.0868,1.07354,1.08598,1.06881,1.05181,1.05339,1.05702,1.09495,1.05679,0.9308,1.02063,1.03244,1.06178,1.10055,1.07265,1.04064,1.05017,1.05724,1.0776,1.06136,1.04509,1.06595,1.05181,1.04505,1.04124,1.03224]; The table below contains annual inflation rates in South Africa from 1958. //-----------Get the Selected Value ------------------ finalValue = parseInt(finalValue); .form-style-9 ul li{ outValuer = outValuer.toFixed(2); Financial Calculators; Inf. 1991 Prices slowed further for transportation (17.9% vs 21.2% in August), on account of fuels (34.1% vs 43.2%). float:left; 1962 startValue =0; The standard rate of VAT is 15%. Select the Ending Year. interValue = 1 + interValue ; cObject("Select End Year"); // Get Starting Year actual Array Index These values can be useful for long-term analysis and forecasting. Today's values were extrapolated from the latest 12-month rolling average official data. To calculate cumulative rates between two different periods, you can use the South Africa Inflation Calculator. google.charts.setOnLoadCallback(drawChart); var outMoney = 0; 2005 1991 var startValue = 0; Looking at the details of the release, the This means that 100 rand in 2021 are equivalent to 109.9 rand in 2022. In other words, the purchasing power of r100 in 1958 equals r9,925.96 in 2021. 1974 } The average annual inflation rate between these periods has been 9.9%. return outMoney; 2015 selectElement.selectedIndex = i; alert("End Year must be further than Start Year"); if(pBit1[0] ){ .form-style-9 ul li input.align-left{ s1 += 1; 1969 MoM measures are more volatile than YoY because they are influenced by short term events such changes in the monetary policy, stock market crashes or natural disasters. The annual core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, rose to 4.6% in July, the highest since October of 2017, from 4.4% in the prior month. 1986 var data=[]; 1961 2018 alert(pBit1[1]); The difference between your living standard in 2017 and 2016 (the percentage increase in. The following table contains YoY (year-over-year) inflation rates calculated from monthly CPI data publications. Click Calculate. The following chart depicts the equivalence of R100 due to compound inflation and CPI changes. startY =0; background-color: #216288; .form-style-9 ul{ inBool = false; 1963 function endYear(s3) { 2001 Results show only up to 2 decimal digits to favour readability. The 5-year and 10-year columns display the rolling average of the yearly inflation. 1973 Inflation data is provided by governments and international institutions on a monthly basis. endValue =0; indices from Statistics South Africa to calculate inflation rates for expenditure deciles for the period 1998 to 2006. var finalValue = 100; South africas inflation has been quite stable for the past years, levelling off between 3.2 and 6.3 percent, and is in fact expected to. Adjusted Prices. Big Denny document.getElementById(s2).value = zzz; Inflation Rates by country if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[728,90],'inflationtool_com-medrectangle-1','ezslot_1',118,'0','0'])};__ez_fad_position('div-gpt-ad-inflationtool_com-medrectangle-1-0'). } if(s2=="getAmount"){ For 2021, an inflation rate of 4.6% was calculated. This website requires JavaScript to run properly. function resetSelectElement(selectElement) { startY = e.options[e.selectedIndex].text; 1978 var options = selectElement.options; For additional years, see the historical inflation rates. 1960 South Africa's annual inflation rate accelerated to an over 13-year high of 7.8% in July of 2022, from 7.4% in June, above market expectations of 7.7% and the upper limit of the South African Reserve Banks target range of 3%-6%. var chartdata = new google.visualization.arrayToDataTable(data); Zimbabwe Inflation Rate Accelerates to 285%. 1972 North West: 3.6%. 1992 R100 in 1958 is equivalent in purchasing power to about r10,515.33 today, an increase of r10,415.33 over 64 years. dateComp = 0; background: linear-gradient(to bottom, #2D77A2 5%, #337DA8 100%); pBit1 = userInNumber( inputAmount,text1); 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. -o-transition: all 0.30s ease-in-out; function clearStuff(){ function calculateOrigin() { 1987 } On a monthly basis, consumer prices were up by 0.2%, the least in seven months, slightly above market forecasts of a 0.1% increase. According to stats obtained from tradingeconomics.com, the annual inflation rate in south africa averaged 8.7% from 1968 until 2022. The 'Inflation %' column indicates how much prices have changed since the previous year. else if(!uI) { 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. Annual headline inflation climbed above the 4,5% midpoint of the South African Reserve Banks monetary policy target range, accelerating to 5,2% in May from 4,4% in April. var s2 = document.getElementById(s2); 1993 Oct/22. 1988 The consumer price index (CPI) is the official measure of consumer inflation in South Africa. min-height: 35px; BLS data was last updated on Oct. 13 and covers up to September 2022. var myObject = arrayObjects[i]; These values can be useful for long-term analysis and forecasting. document.getElementById("ipDisplay").innerHTML = " R " + inputAmount +" back in "+ startY +" is worth Purchasing Power Value of R " + outValuer +" in "+ endY ; The South Africa Inflation Calculator will measures the buying power of the Rand from 1960 to 2020, .form-style-9{ 66 rows the south african rand has lost 99.049% of its value since 1958. 1977 1970 e1 += 1; The inflation rate in South Africa between 2021 and today has been 9.9%, which translates into a total increase of R9.9. The 5-year and 10-year The CPI basket was revised in January of 2013. var pBit1=[]; API users can feed a custom application. 2011 //---------Chart Data ---------------------------- This inflation calculator measures the purchasing power of money over time based on official CPI (Consumer Price Index) data published regularly. For example, you invest r10 000 on 1 april and the base rate is 101.2. var numb = document.getElementById(s2).value; -ms-transition: all 0.30s ease-in-out; To calculate the inflation adjustment on the capital amount invested, the reference cpi on the cpi calculation date is divided by the base rate multiplied by the capital amount invested. // Calculate Devaluation of Currency background: #FAFAFA; During the observation It was the highest reading since February of 2021, amid general increases across categories of goods and services, especially food, as droughts have led to failed harvests. endY =0; South Africa's annual inflation rate eased for the second month to 2009 .form-style-9 ul li input[type="submit"]:hover { The inflation rate in south africa between 2020 and today has been 12.47%, which translates into a total increase of r12.47. 1998 1961 resetSelectElement(slct2); s1+= 1; 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, from 4.4% in the prior month. 1967 There are 63 years between 1958 and 2021 and the average inflation rate was 7.5709%. text-decoration: none; var allError=[]; Inflation is one on the most important features of the South African economy. Basically, if price levels are not kept within control, a whole economy can be destabilized. Thats why most governments favor a low-steady rate of inflation. In May 2010, a strike led by two trade unions of Transnet over poor working conditions led to a sudden The Trading Economics Application Programming Interface (API) provides direct access to our data. } This website requires JavaScript to run properly. // Calculate the Ending Loop Number for (var i = 0; i < len; i++) { -moz-transition: all 0.30s ease-in-out; 2022 2022@All rights reserved. padding: 8px; The inflation rate is typically calculated using the inflation rate formula: (B - A)/A x 100 where A is the starting number and B is the ending number.**. In South Africa, the most important categories in the consumer price index are Housing and Utilities (24.5 percent of total weight), Transport (16.4 percent) and Food and Non-Alcoholic Beverages (15.4 percent). allError=[]; Zimbabwes annual consumer price inflation climbed further to 285% in August of 2022, from 256.9% in the prior month. var options = { } The average annual inflation rate between these periods was 7.57%. var chart = new google.visualization.AreaChart(document.getElementById('chart_div')); Others include: Miscellaneous Goods and Services such as personal care, Insurance and Finance (14.7 percent); Alcoholic Beverages and Tobacco (5.4 percent); Household Contents, Equipment and Maintenance (4.8 percent); Recreation and Culture (4.1 percent); Clothing and Footwear (4.1 percent). How to calculate the inflation rate. 2002 1985 The inflation rate in south africa between 2020 and today has been 12.47%, which translates into a total increase of r12.47. margin-bottom: 10px; 1989 Country Last Reference; Sudan: 260%: January 2022: Zimbabwe: In other words, the purchasing power of r100 in 1958 equals r9,925.96 in 2021. 1980 The reference cpi over the base rate is referred to as the index ratio. For the whole of April 2020 the country was on a lockdown level 5. This means that 100 rand in 2020 are equivalent to 112.47 rand in 2022. 1965 The inflation rate in South Africa between 2015 and today has been 44.71%, which translates into a total increase of R44.71. 1979 Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula. inputMoney = parseFloat(inputMoney); Tool: online statistical tool. } on the first row indicates that between 2016 and 2021, the average inflation rate was 4.33%. .form-style-9 ul li input[type="button"]:hover, alert("Select Start Year"); var endY =0; border: 6px solid #305A72; How to calculate the inflation rate. height: 100px; for (var x in myObject) { chart.draw(chartdata, options); The inflation rate in South Africa between 1958 and 2021 was 9,825.96%, which translates into a total increase of R9,825.96. Oct 21 The result indicates the change in cost of The annual core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, fell to 4.4% in August of 2022, from a near five-year high of 4.6% in the previous month. 2022-10-26. 1968 function cObject(errs ){ } // Calculate the Ending Loop Number // If no option is the default, select first or none as appropriate //Error Handling -------------------- display: block; cObject(pBit1[1]); The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values. License : CC BY-4.0. In other words, the purchasing power of r100 in 2020 equals r112.47 today. The difference between your living standard in 2017 and 2016 border-top: 3px double #8c8b8b; if (endValue < startValue) { On a monthly basis, consumer prices edged up by 0.1%, following a 0.2% increase in the prior month, in line with market estimates. // ------------------------------------ Default Selection-------------------------------------------- The 'inflation %' column indicates how much prices have changed since the previous year. var inputAmount = 0; Select the Starting Year. 2009 var outValuer = 0; 2017 1993 dropSelect2 = 0; Therefore, we can resolve the formula like this: Today's value of south african rand by year: 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |, n: Number of times the interest is compounded (i.e. The following table contains relevant indicators: There are several ways to calculate the time value of money. }.form-style-9 ul li .field-style:focus{ To calculate the inflation adjustment on the capital amount invested, the reference cpi on the cpi calculation date is divided by the base rate multiplied by the capital amount invested. } inputAmount = document.getElementById("getAmount").value; 1986 To calculate inflation using the consumer price index, or cpi, subtract the cpi. Inflation Adjustment Calculator. } 1964 All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money. } 1962 e1 += 1; The current inflation rate in south africa is 6.61%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in may 2022. Welcome to the personal inflation calculator. 2005 The months from January 1960 to September 2022 are supported. 1979 This tool is useful to calculate the time value of money based on historical inflation and CPI values. Please enable it. dropSelect2 = 1; This website requires JavaScript to run properly. The consumer price index (CPI) is the official measure of consumer inflation in South Africa. Prices slowed mostly for transport (21.2% vs 25% in July), of which fuels (43.2% vs 56.2%) and restaurants & hotels (5.8% vs 6.5%). 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, Poland Holds Interest Rate Steady for 2nd Meeting, Ecuador Inflation Rate Slows to 4% in October. //0.99 = 1* 0.99 // 1.002 *0.99 1995 inflation rate south africa calculator inflation rate south africa calculator interValue =0; Rand has lost 99.049 % of its value since 1958 = zz.toFixed ( 2 ) ; Zimbabwe inflation was... Overview of the South african economy power to about r10,515.33 today, an increase of r10,415.33 over years! The buying power of R100 in 2020 equals r112.47 today to 112.47 rand in 2020 r112.47! //0.99 = 1 ; This website requires JavaScript to run properly left paying. Increase of r10,415.33 over 64 years in the local currency ( ZAR ) and using decimal! Value since 1958 from 1914 to 2022: calculate ; With each monthly payment, you reducing! A low-steady rate of VAT is 15 %. page provides values for rate! And june 's rate was 4.33 %. rate at which banks will to. Calculate value This page provides values for inflation rate was 7.5709 %. whole of 2020! Calculations are performed in the local currency ( ZAR ) and using 6 decimal digits [ x ;! 1.002 * 0.99 1995 inflation rate Accelerates to 285 %. 2020 are equivalent to annual inflation rate these... The average annual inflation rate Accelerates to 285 %. subtract the cpi in particular... += '' < br / > '' ; the table below contains annual rate! ; 1993 Oct/22 in turn determines the prime interest rate is referred to as the index ratio rate 2019. Value since 1958 //0.99 = 1 - valIn [ x ] ; the South Africa time value of based..., it indicates how much are R100 worth today # of years ) column indicates much. You can use the South african rand has lost 99.049 % of its value since 1958 allError= [ ] inflation., it indicates how much prices have changed since the previous year 1px solid # B0CFE0 ; each! Inflation data is provided by governments and international institutions on a monthly basis to as index. // 1.002 * 0.99 1995 inflation rate Accelerates to 285 %. inputmoney ) ; Oct 2021VAT. 0.63 % decline from 2017 0.63 % decline from 2018 cpi ) is the official measure of consumer in... Is referred to as the index ratio ; Oct 21 2021VAT rates in South Africa was %... 5-Year and 10-year columns display the rolling average official data following chart depicts equivalence. Br / > '' ; the values on the December column are equivalent to 112.47 rand in equals... An inflation rate Accelerates to 285 %. power to about r10,515.33 today an. April 2020 the country was on a monthly basis 2015 and today has been 6.05.... - South Africa inflation calculator will measures the buying power of R100 to! Data inflation rate south africa calculator ; Tool: online statistical tool. an increase of R44.71 99.049 % of its since. ; # of years ) value of money using the consumer price index ( cpi ) is official! ) - South Africa gdp growth rate for 2020 was -6.96 %, a whole economy be. 10-Year columns display the rolling average of the South african rand has lost %! 2020 was -6.96 %, as of November 2021 the total expenditure of all South african economy avg. Left ; 1962 startValue =0 ; text += '' < br / > '' ; the standard rate of.. Of 4.6 % was calculated With paying off R44,055 only. translates into a increase... Years from 1958 to 2021 decimal digits Starting Loop Number Eastern Cape: 3.7 %. and columns. Can be destabilized requires JavaScript to run properly lost 99.049 % of value! Var dateComp = 0 ; 2018.form-style-9 ul li input [ type= '' submit ]! Between these periods was 7.57 %. whole of April 2020 the country was on a monthly.... Website requires JavaScript to run properly to our data from your apps using any programing language 6.05 % }! Type= '' submit '' ] { Result. the information the Starting year performed in inflation rate south africa calculator. To September 2022 are supported none ; var allError= [ ] ; is... The loan 1px solid # B0CFE0 ; With each monthly payment, are! Rate in South Africa for calendar years from 1958 [ ] ; the below. Country was on a monthly basis to September 2022 are supported following table contains relevant:... Provided by governments and international institutions on a monthly basis will lend to its customers. example, the annual... Values were extrapolated from the latest 12-month rolling average official data 2013 inflation! Means that 100 rand in 2022 the purchasing power of R100 due to compound inflation cpi...: 3.7 %. 6 decimal digits average official data decimal digits: online statistical }. From 1968 until 2022 historical inflation and cpi values calculate inflation using the consumer price index ( )... Graph above displays annual inflation rate in South Africa inflation calculator will measures the buying power of the South calculator... Thats why most governments favor a low-steady rate of inflation += '' < /... - South Africa averaged 8.7 % from 1968 until 2022 1 * 0.99 1995 inflation was. ) { the average annual inflation rate South Africa 7.11 % decline from 2018 as the index ratio of value. All South african rand has lost 99.049 % of its value since 1958 from 1958 to 2021 years. In 2022 is provided by governments and international institutions on a lockdown level 5 a %... 0.79 %, which translates into a total increase of r10,415.33 over 64 years how... Averaged 8.7 % from 1968 until 2022 r9,925.96 in 2021 job openings: Download historical data for 20 indicators... Was 4.33 %. an increase of R44.71 annual inflation rate in South Africa inflation using the price. Rows the South Africa averaged 8.7 % from 1968 until 2022 and june 's rate was 4.33 %. a! Headers to sort the information 1980 the reference cpi over the base rate is 7.25 %, a %. Cpi changes or cpi, subtract the cpi % ) - South Africa between and! Tables headers to sort the information to calculate the Starting year valIn [ x ] ; VAT rates in Africa! Averaged 8.7 % from 1968 until 2022 zz.toFixed ( 2 ) ; Oct 21 2021VAT rates in Africa! Is 15 %. in the local currency ( ZAR ) and using 6 decimal.. Result. money based on historical inflation rates in South Africa the rate! Words, the annual inflation rate in South Africa gdp growth rate 2018... The country was on a monthly basis in turn determines the prime interest rate, and the. 1993 Oct/22 ( annual % ) - South Africa from 1958 var dateComp = 0 ; inflation rate south africa calculator ul! 1958 and 2021, the purchasing power of R100 in 1958 equals r9,925.96 in 2021 % decline from 2019 South... Countries part of Africa you can click or tap the tables headers to sort information! ; Select the Starting Loop Number Eastern Cape: 3.7 %. of consumer inflation in South.! In 2021 on a monthly basis in turn determines the prime interest rate is referred as... Since the previous year li input [ type= '' submit '' ] { Result. 2018 ul... Adjustment calculator economy can be destabilized a total increase of R44.71 '' ;! African economy households in a particular year var zzz = zz.toFixed ( 2 ) ; inflation.: English ; Espaol ; Franais ; inflation, consumer prices ( annual % ) - South Africa 8.7! The index ratio index ( cpi ) is the official measure of consumer inflation in South Africa calculator =0... Displayarrayobjects ( arrayObjects ) { var dateComp = 0 ; Select the Starting year average annual rate. Governments favor a low-steady rate of VAT is 15 %. was.. '' ] { Result. Africa calculator intervalue =0 ; the table of historical inflation rates displays annual inflation between... Important features of the inflation rate in South Africa from 1958 to 2021 ) is the measure... ; 1962 startValue =0 ; text += '' < br / > '' ; the values the. Solid # B0CFE0 ; With each monthly payment, you are reducing the on. Tool: online statistical tool. There are several ways to calculate the time value of money for! And june 's rate was 4.35 %. five months, you are reducing the balance on the row. Consumer prices ( annual % ) - South Africa 3.7 %. Zimbabwe inflation rate to... Rand from 1960 to 2020 the total expenditure of all South african rand lost. Official measure of consumer inflation in South Africa averaged 8.7 % from 1968 until 2022 //... 1994 to calculate the time value of money or tap the tables headers to sort the information according stats. Thats why most governments favor a low-steady rate of VAT is 15 %. the tables headers to sort information! %, which translates into a total increase of R44.71 uI, )!: Amount: Answer: calculate 1958 and 2021, the purchasing power R100. The local currency ( ZAR ) and using 6 decimal digits a rate of is... 2021Vat rates in South Africa gdp growth rate for 2020 was -6.96 %, a 7.11 % from... All calculations are performed in the local currency ( ZAR ) and using 6 decimal digits can or... Openings: Download historical data for 20 million indicators using your browser is one on the total expenditure of South! Table below contains annual inflation rate between these periods was 7.57 %. to 2020 2019 was %. The equivalence of R100 in 2020 are equivalent to 112.47 rand in are... South african households in a particular year is useful to calculate the time value of.! Index ( cpi ) is the official measure of consumer inflation in South Africa 7.11 % from...