South Africa Inflation Calculator

R

Result: R100 in 1960 → R9,862.30 in 2022


Why a rand today is worth only 1% of a rand in 1960

Updated: January 12, 2022

R100 in 1960 is equivalent in purchasing power to about R9,862.30 today, an increase of R9,762.30 over 62 years. The rand had an average inflation rate of 7.69% per year between 1960 and today, producing a cumulative price increase of 9,762.30%.

This means that today's prices are 98.62 times higher than average prices since 1960, according to the World Bank consumer price index for South Africa. A rand today only buys 1.01% of what it could buy back then.

The inflation rate in 1960 was 1.29%. The current year-over-year inflation rate (2021 to 2022) is now 3.22%. If this number holds, R100 today will be equivalent in buying power to R103.22 next year.


Inflation from 1960 to 2022
Cumulative price change 9,762.30%
Average inflation rate 7.69%
Converted amount (R100 base) R9,862.30
Price difference (R100 base) R9,762.30
CPI in 1960 1.013
CPI in 2022 99.894
Inflation in 1960 1.29%
Inflation in 2022 3.22%
R100 in 1960 R9,862.30 in 2022

ZAR Inflation since 1959
Annual Rate, the World Bank CPI
Download

Buying power of R100 in 1960

This chart shows a calculation of buying power equivalence for R100 in 1960 (price index tracking began in 1959).

For example, if you started with R100, you would need to end with R9,862.30 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When R100 is equivalent to R9,862.30 over time, that means that the "real value" of a single South African rand decreases over time. In other words, a rand will pay for fewer items at the store.

This effect explains how inflation erodes the value of a rand over time. By calculating the value in 1960 dollars, the chart below shows how R100 is worth less over 62 years.

According to the World Bank, each of these ZAR amounts below is equal in terms of what it could buy at the time:

Rand inflation: 1960-2022
Year Rand Value Inflation Rate
1960 R100.00 1.29%
1961 R102.10 2.10%
1962 R103.37 1.25%
1963 R104.76 1.34%
1964 R107.41 2.53%
1965 R111.78 4.07%
1966 R115.68 3.49%
1967 R119.78 3.54%
1968 R122.16 1.99%
1969 R126.11 3.24%
1970 R132.41 4.99%
1971 R140.30 5.96%
1972 R149.31 6.43%
1973 R163.40 9.43%
1974 R182.56 11.72%
1975 R207.06 13.43%
1976 R229.88 11.02%
1977 R255.52 11.15%
1978 R283.97 11.14%
1979 R321.73 13.29%
1980 R365.67 13.66%
1981 R421.45 15.25%
1982 R483.15 14.64%
1983 R542.59 12.30%
1984 R605.14 11.53%
1985 R703.74 16.29%
1986 R835.02 18.65%
1987 R969.97 16.16%
1988 R1,093.92 12.78%
1989 R1,255.07 14.73%
1990 R1,434.80 14.32%
1991 R1,654.83 15.33%
1992 R1,884.43 13.87%
1993 R2,067.55 9.72%
1994 R2,252.36 8.94%
1995 R2,447.87 8.68%
1996 R2,627.89 7.35%
1997 R2,853.83 8.60%
1998 R3,050.19 6.88%
1999 R3,208.24 5.18%
2000 R3,379.52 5.34%
2001 R3,572.22 5.70%
2002 R3,911.39 9.49%
2003 R4,133.54 5.68%
2004 R4,104.93 -0.69%
2005 R4,189.61 2.06%
2006 R4,325.52 3.24%
2007 R4,592.74 6.18%
2008 R5,054.55 10.06%
2009 R5,421.74 7.26%
2010 R5,642.06 4.06%
2011 R5,925.13 5.02%
2012 R6,264.28 5.72%
2013 R6,626.13 5.78%
2014 R7,032.71 6.14%
2015 R7,349.83 4.51%
2016 R7,834.52 6.59%
2017 R8,240.44 5.18%
2018 R8,611.63 4.50%
2019 R8,966.81 4.12%
2020 R9,255.89 3.22%
2021 R9,554.29 3.22%
2022 R9,862.30 3.22%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 56 more rows

This conversion table shows various other 1960 amounts in today's rand, based on the 9,762.30% change in prices:

Conversion: 1960 rand today
Initial value Equivalent value
R1 rand in 1960 R98.62 rand today
R5 rand in 1960 R493.12 rand today
R10 rand in 1960 R986.23 rand today
R50 rand in 1960 R4,931.15 rand today
R100 rand in 1960 R9,862.30 rand today
R500 rand in 1960 R49,311.52 rand today
R1,000 rand in 1960 R98,623.05 rand today
R5,000 rand in 1960 R493,115.24 rand today
R10,000 rand in 1960 R986,230.49 rand today
R50,000 rand in 1960 R4,931,152.43 rand today
R100,000 rand in 1960 R9,862,304.87 rand today
R500,000 rand in 1960 R49,311,524.35 rand today
R1,000,000 rand in 1960 R98,623,048.70 rand today

How to Calculate Inflation Rate for R100 since 1960

Our calculations use the following inflation rate formula to calculate the change in value between 1960 and today:

CPI today CPI in 1960
×
1960 ZAR value
=
Today's value

Then plug in historical CPI values. The South African CPI was 1.012888781204 in the year 1960 and 99.89417959218814 in 2022:

99.894179592188141.012888781204
×
R100
=
R9,862.30

R100 in 1960 has the same "purchasing power" or "buying power" as R9,862.30 in 2022.

To get the total inflation rate for the 62 years between 1960 and 2022, we use the following formula:

CPI in 2022 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (62 years)

Plugging in the values to this equation, we get:

99.89417959218814 - 1.0128887812041.012888781204
×
100
=
9,762%

News headlines from 1960

Politics and news often influence economic performance. Here's what was happening at the time:

  • Johnny Cash plays his first concert in a prison.
  • The Bank of France issues new franc currency, worth 100 times the value of old francs.
  • France grants independence to Cameroon (previously French Cameroon) after years of fighting.
  • Guided missiles are launched for the first time from a nuclear powered submarine

Data Source & Citation

You may use the following MLA citation for this page: “South Africa Inflation Calculator: World Bank data, 1960-2022 (ZAR).” Official Inflation Data, Alioth Finance, 15 Jan. 2022, https://www.officialdata.org/south-africa/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1960 to 2022
Cumulative price change 9,762.30%
Average inflation rate 7.69%
Converted amount (R100 base) R9,862.30
Price difference (R100 base) R9,762.30
CPI in 1960 1.013
CPI in 2022 99.894
Inflation in 1960 1.29%
Inflation in 2022 3.22%
R100 in 1960 R9,862.30 in 2022