South Africa Inflation Calculator

R

Result: R100 in 1958 → R10,274.50 in 2022


The South African rand has lost 99.027% of its value since 1958

Updated: June 10, 2022

R100 in 1958 is equivalent in purchasing power to about R10,274.50 today, an increase of R10,174.50 over 64 years. The rand had an average inflation rate of 7.51% per year between 1958 and today, producing a cumulative price increase of 10,174.50%.

This means that today's prices are 102.75 times higher than average prices since 1958, according to the OECD and the World Bank consumer price index for South Africa. A rand today only buys 0.973% of what it could buy back then.

The inflation rate in 1958 was 3.46%. The current inflation rate compared to last year is now 6.00%. If this number holds, R100 today will be equivalent in buying power to R106.00 next year.


Inflation from 1958 to 2022
Cumulative price change 10,174.50%
Average inflation rate 7.51%
Converted amount (R100 base) R10,274.50
Price difference (R100 base) R10,174.50
CPI in 1958 1.327
CPI in 2022 136.334
Inflation in 1958 3.46%
Inflation in 2022 6.00%
R100 in 1958 R10,274.50 in 2022

ZAR inflation since 1958
Annual Rate, the OECD and the World Bank CPI
Download

Buying power of R100 in 1958

This chart shows a calculation of buying power equivalence for R100 in 1958 (price index tracking began in 1957).

For example, if you started with R100, you would need to end with R10,274.50 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When R100 is equivalent to R10,274.50 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 1958 dollars, the chart below shows how R100 is worth less over 64 years.

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

Rand inflation: 1958-2022
Year Rand Value Inflation Rate
1958 R100.00 3.46%
1959 R101.22 1.22%
1960 R102.52 1.29%
1961 R104.68 2.10%
1962 R105.98 1.25%
1963 R107.40 1.34%
1964 R110.12 2.53%
1965 R114.61 4.07%
1966 R118.60 3.49%
1967 R122.80 3.54%
1968 R125.24 1.99%
1969 R129.30 3.24%
1970 R135.75 4.99%
1971 R143.84 5.96%
1972 R153.08 6.43%
1973 R167.52 9.43%
1974 R187.16 11.72%
1975 R212.29 13.43%
1976 R235.69 11.02%
1977 R261.97 11.15%
1978 R291.14 11.14%
1979 R329.85 13.29%
1980 R374.90 13.66%
1981 R432.09 15.25%
1982 R495.35 14.64%
1983 R556.29 12.30%
1984 R620.41 11.53%
1985 R721.50 16.29%
1986 R856.10 18.65%
1987 R994.45 16.16%
1988 R1,121.53 12.78%
1989 R1,286.75 14.73%
1990 R1,471.02 14.32%
1991 R1,696.60 15.33%
1992 R1,932.00 13.87%
1993 R2,119.74 9.72%
1994 R2,309.21 8.94%
1995 R2,509.66 8.68%
1996 R2,694.22 7.35%
1997 R2,925.87 8.60%
1998 R3,127.18 6.88%
1999 R3,289.22 5.18%
2000 R3,464.83 5.34%
2001 R3,662.39 5.70%
2002 R4,010.12 9.49%
2003 R4,237.87 5.68%
2004 R4,208.54 -0.69%
2005 R4,295.36 2.06%
2006 R4,434.70 3.24%
2007 R4,708.66 6.18%
2008 R5,183.04 10.07%
2009 R5,557.01 7.22%
2010 R5,784.28 4.09%
2011 R6,073.45 5.00%
2012 R6,421.14 5.72%
2013 R6,792.57 5.78%
2014 R7,208.94 6.13%
2015 R7,536.27 4.54%
2016 R8,031.51 6.57%
2017 R8,447.88 5.18%
2018 R8,829.49 4.52%
2019 R9,193.29 4.12%
2020 R9,488.39 3.21%
2021 R9,925.96 4.61%
2022 R10,274.50 3.51%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 58 more rows

This conversion table shows various other 1958 amounts in today's rand, based on the 10,174.50% change in prices:

Conversion: 1958 rand today
Initial value Equivalent value
R1 rand in 1958 R102.75 rand today
R5 rand in 1958 R513.73 rand today
R10 rand in 1958 R1,027.45 rand today
R50 rand in 1958 R5,137.25 rand today
R100 rand in 1958 R10,274.50 rand today
R500 rand in 1958 R51,372.51 rand today
R1,000 rand in 1958 R102,745.01 rand today
R5,000 rand in 1958 R513,725.06 rand today
R10,000 rand in 1958 R1,027,450.12 rand today
R50,000 rand in 1958 R5,137,250.59 rand today
R100,000 rand in 1958 R10,274,501.17 rand today
R500,000 rand in 1958 R51,372,505.87 rand today
R1,000,000 rand in 1958 R102,745,011.74 rand today

How to calculate inflation rate for R100 since 1958

Our calculations use the following inflation rate formula to calculate the change in value between 1958 and today:

CPI today CPI in 1958
×
1958 ZAR value
=
Today's value

Then plug in historical CPI values. The South African CPI was 1.326916 in the year 1958 and 136.334 in 2022:

136.3341.326916
×
R100
=
R10,274.50

R100 in 1958 has the same "purchasing power" or "buying power" as R10,274.50 in 2022.

To get the total inflation rate for the 64 years between 1958 and 2022, we use the following formula:

CPI in 2022 - CPI in 1958CPI in 1958
×
100
=
Cumulative inflation rate (64 years)

Plugging in the values to this equation, we get:

136.334 - 1.3269161.326916
×
100
=
10,175%

Data source & citation

You may use the following MLA citation for this page: “South Africa Inflation Calculator: World Bank data, 1958-2022 (ZAR).” Official Inflation Data, Alioth Finance, 3 Jul. 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 1958 to 2022
Cumulative price change 10,174.50%
Average inflation rate 7.51%
Converted amount (R100 base) R10,274.50
Price difference (R100 base) R10,174.50
CPI in 1958 1.327
CPI in 2022 136.334
Inflation in 1958 3.46%
Inflation in 2022 6.00%
R100 in 1958 R10,274.50 in 2022