South Africa Inflation Calculator

R

Result: R100 in 1961 → R9,144.38 in 2020


Why a rand today is worth only 1% of a rand in 1961

Updated: September 11, 2020

According to the World Bank consumer price index for South Africa, today's prices in 2020 are 9,044.38% higher than average prices since 1961. This means that a rand today only buys 1.09% of what it could buy in 1961. The South African rand experienced an average inflation rate of 7.95% per year during this period, causing the real value of a rand to decrease.

In other words, R100 in 1961 is equivalent in purchasing power to about R9,144.38 in 2020, a difference of R9,044.38 over 59 years. This inflation data is collected by the World Bank and is specific to South Africa.

The 1961 inflation rate was 2.10%. The current year-over-year inflation rate (2019 to 2020) is now 4.12%1. If this number holds, R100 today will be equivalent in buying power to R104.12 next year.


Inflation from 1961 to 2020
Cumulative price change 9,044.38%
Average inflation rate 7.95%
Converted amount (R100 base) R9,144.38
Price difference (R100 base) R9,044.38
CPI in 1961 1.810
CPI in 2020 165.483
Inflation in 1961 2.10%
Inflation in 2020 4.12%

ZAR Inflation since 1960
Annual Rate, the World Bank CPI
Download

Buying power of R100 in 1961

This chart shows a calculation of buying power equivalence for R100 in 1961 (price index tracking began in 1960).

For example, if you started with R100, you would need to end with R9,144.38 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When R100 is equivalent to R9,144.38 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 1961 dollars, the chart below shows how R100 is worth less over 59 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: 1961-2020
Year Rand Value Inflation Rate
1961 R100.00 2.10%
1962 R101.25 1.25%
1963 R102.60 1.34%
1964 R105.20 2.53%
1965 R109.48 4.07%
1966 R113.30 3.49%
1967 R117.31 3.54%
1968 R119.64 1.99%
1969 R123.52 3.24%
1970 R129.68 4.99%
1971 R137.41 5.96%
1972 R146.24 6.43%
1973 R160.03 9.43%
1974 R178.80 11.72%
1975 R202.80 13.43%
1976 R225.15 11.02%
1977 R250.26 11.15%
1978 R278.13 11.14%
1979 R315.10 13.29%
1980 R358.14 13.66%
1981 R412.78 15.25%
1982 R473.20 14.64%
1983 R531.42 12.30%
1984 R592.68 11.53%
1985 R689.25 16.29%
1986 R817.83 18.65%
1987 R949.99 16.16%
1988 R1,071.40 12.78%
1989 R1,229.22 14.73%
1990 R1,405.26 14.32%
1991 R1,620.75 15.33%
1992 R1,845.63 13.87%
1993 R2,024.98 9.72%
1994 R2,205.98 8.94%
1995 R2,397.47 8.68%
1996 R2,573.78 7.35%
1997 R2,795.07 8.60%
1998 R2,987.39 6.88%
1999 R3,142.18 5.18%
2000 R3,309.94 5.34%
2001 R3,498.67 5.70%
2002 R3,830.86 9.49%
2003 R4,048.43 5.68%
2004 R4,020.41 -0.69%
2005 R4,103.34 2.06%
2006 R4,236.45 3.24%
2007 R4,498.17 6.18%
2008 R4,950.48 10.06%
2009 R5,310.11 7.26%
2010 R5,525.89 4.06%
2011 R5,803.13 5.02%
2012 R6,135.30 5.72%
2013 R6,489.69 5.78%
2014 R6,887.90 6.14%
2015 R7,198.49 4.51%
2016 R7,673.21 6.59%
2017 R8,070.76 5.18%
2018 R8,434.31 4.50%
2019 R8,782.18 4.12%
2020 R9,144.38 4.12%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 53 more rows

This conversion table shows various other 1961 amounts in today's rand, based on the 9,044.38% change in prices:

Conversion Table: Value of a rand today
Initial value Equivalent value
R1 rand in 1961 R91.44 rand today
R5 rand in 1961 R457.22 rand today
R10 rand in 1961 R914.44 rand today
R50 rand in 1961 R4,572.19 rand today
R100 rand in 1961 R9,144.38 rand today
R500 rand in 1961 R45,721.92 rand today
R1,000 rand in 1961 R91,443.83 rand today
R5,000 rand in 1961 R457,219.16 rand today
R10,000 rand in 1961 R914,438.33 rand today
R50,000 rand in 1961 R4,572,191.64 rand today
R100,000 rand in 1961 R9,144,383.29 rand today
R500,000 rand in 1961 R45,721,916.43 rand today
R1,000,000 rand in 1961 R91,443,832.86 rand today

How to Calculate Inflation Rate for R100 since 1961

Our calculations use the following inflation rate formula to calculate the change in value between 1961 and today:

CPI today CPI in 1961
×
1961 ZAR value
=
Today's value

Then plug in historical CPI values. The South African CPI was 1.8096647734 in the year 1961 and 165.48268306542883 in 2020:

165.482683065428831.8096647734
×
R100
=
R9,144.38

R100 in 1961 has the same "purchasing power" or "buying power" as R9,144.38 in 2020.

To get the total inflation rate for the 59 years between 1961 and 2020, we use the following formula:

CPI in 2020 - CPI in 1961CPI in 1961
×
100
=
Cumulative inflation rate (59 years)

Plugging in the values to this equation, we get:

165.48268306542883 - 1.80966477341.8096647734
×
100
=
9,044%

News headlines from 1961

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

  • A dog named Chernushka, frogs, and a guinea pig orbit the Earth in the Soviet flight Sputnik 9.
  • Nelson Mandela is acquitted of treason after a four-and-a-half year trial.

Data Source & Citation

You may use the following MLA citation for this page: “South Africa Inflation Calculator: World Bank data, 1961-2020 (ZAR).” Official Inflation Data, Alioth Finance, 29 Sep. 2020, 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 1961 to 2020
Cumulative price change 9,044.38%
Average inflation rate 7.95%
Converted amount (R100 base) R9,144.38
Price difference (R100 base) R9,044.38
CPI in 1961 1.810
CPI in 2020 165.483
Inflation in 1961 2.10%
Inflation in 2020 4.12%