**Result:**
R100
in 1961 →
R9,211.29
in 2020

According to the World Bank consumer price index for South Africa, today's prices in 2020 are 9,111.29% higher than average prices since 1961. The South African rand experienced an average inflation rate of 7.97% per year during this period, meaning the real value of a rand decreased.

In other words, R100 in 1961 is equivalent in purchasing power to about R9,211.29 in 2020, a difference of R9,111.29 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 inflation rate (2019 to 2020) is now 4.50%^{1}. If this number holds, R100 today will be equivalent in buying power to R104.50 next year.

⌃

Cumulative price change | 9,111.29% |

Average inflation rate | 7.97% |

Converted amount (R100 base) | R9,211.29 |

Price difference (R100 base) | R9,111.29 |

CPI in 1961 | 1.810 |

CPI in 2020 | 166.693 |

Inflation in 1961 | 2.10% |

Inflation in 2020 | 4.50% |

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 R9,211.29 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When R100 is equivalent to R9,211.29 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 buys less over the past 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:

This inflation calculator uses the following inflation rate formula:

CPI in 2020CPI in 1961

×

1961 ZAR value

=

2020 ZAR value

Then plug in historical CPI values. The South African CPI was 1.8096647734 in the year 1961 and 166.69346283665172 in 2020:

166.693462836651721.8096647734

×

R100

=

R100 in 1961 has the same "purchasing power" or "buying power" as R9,211.29 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

=

Plugging in the values to this equation, we get:

166.69346283665172 - 1.80966477341.8096647734

×

100

=

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.

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, 21 Jan. 2020, https://www.officialdata.org/south-africa/inflation.

Special thanks to QuickChart for providing downloadable chart images.

Cumulative price change | 9,111.29% |

Average inflation rate | 7.97% |

Converted amount (R100 base) | R9,211.29 |

Price difference (R100 base) | R9,111.29 |

CPI in 1961 | 1.810 |

CPI in 2020 | 166.693 |

Inflation in 1961 | 2.10% |

Inflation in 2020 | 4.50% |