CPI Inflation Rate in South Africa
This page shows the current CPI inflation rate, as well as a graph and table of the CPI inflation rates in South Africa, since 1982.
The current CPI inflation rate is % (based on CPI data for ).
The CPI percentages shown in the figures and graphs on this page are based on year-on-year changes of the Consumer Price Index.
CPI Inflation Rate Graph
This is a graph of the CPI inflation rate in South Africa, since 1982. To see what the CPI inflation rate was at a specific time, move your mouse over the graph.
CPI Inflation Rate History
The following table shows the historical CPI inflation rates in South Africa, since 1982.
December 17th, 2009 at 10:41 am
I would like to know the current value of R150000
spent on property in 1991 due to inflation?
Thanking you in anticipation.
G D Ferguson
March 1st, 2010 at 05:12 pm
R150,000 in January 1991 is approximately equal to R570,000 in January 2010 (using year-on-year CPI inflation rate).
Jan 1991 R 150,000.00
Jan 1992 16.10% R 174,150.00
Jan 1993 9.60% R 190,868.40
Jan 1994 9.90% R 209,764.37
Jan 1995 9.80% R 230,321.28
Jan 1996 6.80% R 245,983.13
Jan 1997 9.40% R 269,105.54
Jan 1998 5.70% R 284,444.56
Jan 1999 8.90% R 309,760.12
Jan 2000 2.70% R 318,123.65
Jan 2001 7.10% R 340,710.42
Jan 2002 4.90% R 357,405.24
Jan 2003 11.60% R 398,864.24
Jan 2004 0.10% R 399,263.11
Jan 2005 3.00% R 411,241.00
Jan 2006 4.00% R 427,690.64
Jan 2007 6.00% R 453,352.08
Jan 2008 9.30% R 495,513.82
Jan 2009 8.10% R 535,650.44
Jan 2010 6.20% R 568,860.77
March 4th, 2010 at 11:46 am
I am not an expert on the subject, but I don’t think you can merely use the Jan CPI for every year and assume that is the CPI for the year. Surely there is an average for the year or an official CPI for every year which would be more appropriate to use to calculate CPI over a number of years.
Could somebody please provide the year-on-year CPI for thee last say decade or two. I have been unable to get that info on statssa.
March 4th, 2010 at 11:31 am
@Christo
All the CPI inflation rate figures shown on this page are year-on-year figures (calculated taking the percentage increase of the CPI index when compared to the CPI index for the same month of the previous year).
So in the calculation shown it is correct to use the January CPI for every year (assuming that the property was also bought in January).
March 8th, 2010 at 04:36 pm
Francois,
Where do you source your inflation data from?
1. I need the data in a useable format (excel / .csv)
2. I need to be able to prove its accuracy
Please help
March 9th, 2010 at 03:28 pm
@ Andrew
The data source is stats SA.
Unfortunately I don’t have the data in Excel / CSV format. The CPI figures are added to a database as they come in.
An upgrade is in the pipeline for this page to allow CSV downloads later on.
March 9th, 2010 at 03:51 pm
Jan 2004 = 0.10%??? Must be wrong.
March 9th, 2010 at 03:09 pm
@Henk
The figure is correct (rounded to 1 decimal value).
CPI (index) for Jan 2003: 76.0
CPI (index) for Jan 2004: 76.1
Year-on-year CPI inflation rate for Jan 2004:
(76.1 – 76.0) / 76.0 * 100 = 0.13%
Remember, the CPI inflation rate is not your personal inflation rate.
The CPI is made up of a collection of goods to try to measure the inflation experienced by all consumers in South Africa, as a whole.
March 9th, 2010 at 05:10 pm
Thank you Francios. much appreciated!
March 19th, 2010 at 02:15 pm
PLEASE ADVISE IF I HAVE MY CALCULATIONS CORRECT.
THE CPI OVER THE PERIODS JAN 2001 TO JAN 2010 AVERAGE 6.03%
IF ONE TAKE A COMMENCEMENT VALUE OF R130 000 IN JAN 2001 AND REQUIRE ITS JAN 2010 FIGURE DO I :-
1) TAKE THE JAN 2010 FIGURE ONLY IE R130 000 X 6.2%
OR
2) TAKE THE WEIGHTED AVERAGE OF THE SAID PERIOD IE 6.03%
YOUR KIND ASSISTANCE IS APPRECIATED.
PETER F.
March 20th, 2010 at 05:41 pm
@Peter
You should do neither 1 or 2.
Since the commencement date is Jan 2001 then you should take the January inflation rates for all years from 2002 till 2010 and accumulatively add the inflation for each year.
There’s an example in one of the comments above.
March 25th, 2010 at 06:00 pm
I would like to know the current value of property bought in 1980 for R25 000.
I would love some help in this matter
Thanks,
Charles
March 31st, 2010 at 03:43 pm
Where can I get month on month CPI figures? If I average the month on month figures over 12 months, will you get the same number as the year on year figures quoted above?
Thanks
Carol
April 1st, 2010 at 09:27 am
@Carol
Stats SA.
April 7th, 2010 at 09:11 am
Hi Francois
Does CPI include morgages? If so what is the morgage percentage that is included in CPI?
Many thanks
April 7th, 2010 at 09:25 am
@Ilka
Yes, the CPI includes mortgage costs (CPIX excludes mortgage costs).
I’m not 100% sure, but I think mortgage costs makes up about 12% of the CPI basket.
April 7th, 2010 at 11:06 pm
@Charles
Using the CPI as a reference for inflation, R 25,000 in Jan 1981 has approximately the same value as R 375,000 today.
As for how much the property is worth today, that depends on a lot more than just inflation, it could be a lot more or a lot less.
April 13th, 2010 at 11:16 am
If the company I am working for told me that they were going to give me a salary increase based on the current inflationary rate. Where would I be able to find out what that rate is at present.
Thanks
April 13th, 2010 at 11:11 am
@Vanessa
Look at the top of this page for the current inflation rate.
April 20th, 2010 at 01:28 pm
Dear Francois
Please could you advise me on the following:
In terms of my ANC (Ante Nuptila Contract) my commencement value at date of marriage, in JAN 2001, was R100 000.00.
To factor in the CPI as at JAN 2010, I have been advised that attorneys use the following formula :
ANC Value CPI (date when divorce is predicted)
_________ x ______________________________
1 CPI ( at date when ANC concluded)
If this formula is correct then my R100 000.00 in Jan 2001, in terms of accrual, is worth R87 323.94 at JAN 2010 ie.
R100 000.00 JAN 2010
__________ x ________
1 JAN 2001
= R100 000.00 6.20
__________ x ____
1 7.1
= R87 323.94
This surely cannot be correct !
The other method is to factor in the average CPI, compounded for each year of the marriage.
Please help
Regards
Chantal
April 20th, 2010 at 01:45 pm
@Chantal
The formula seems correct, but you should be using the CPI (index) values, and not the CPI inflation rate values.
CPI at Jan 2001: 64.9
CPI at Jan 2010: 109.5
Using your formula, we have R100,000 * (109.5 / 64.9) = R168,721
April 20th, 2010 at 01:42 pm
Thank you for that Francois. Does your site cater for the CPI (INDEX) values ?
If so where ? If not what site could I try ?
Many thanks once again.
Chantal
April 20th, 2010 at 02:53 pm
@Chantal
Nope, unfortunately the data is not yet visible on Liberta.
I’m busy creating an inflation calculator (because many people have the same query as yours) and then I’ll post it all in one go.
The best source for raw CPI data is Stats SA.
May 1st, 2010 at 01:24 pm
I am doing a school project for economics and was wondering whether anyone could help me to explain why the CPI rate has either increased or decreased between 2003 and now.
thanks
May 26th, 2010 at 09:25 am
I need to calculate the current worth (buying power) of a sum of money that was invested in 1963. Can you perhaps advise what the inflation rates were during the period 1963 – 1981?
May 26th, 2010 at 10:18 am
@Elanie
Unfortunately I only have inflation stats from 1982 onwards.
June 1st, 2010 at 11:51 am
Hi
I would like to know what caused the prime rate to drop back to where it was in 2005. what factors that influenced it to drop?
June 6th, 2010 at 07:45 pm
Thanks for insighful information Francois on inflation, I finally found an easy to understand explanation of inflation rate!
Keep up doing the good work!
Thokozani
June 10th, 2010 at 01:34 pm
@Tau
Interest rates were lowered because inflation came down to within reasonable levels.
Inflation came down because of less consumer demand, which was probably mostly caused by a combination of higher interest rates and global economic problems that started in 2007.
June 25th, 2010 at 05:55 pm
If someone started donating R100 per month to a charity in Jan 2006, what is the effective buying power of that R100 p/m now if they never raised the donation to take inflation into account?
July 6th, 2010 at 10:40 am
will you be be including columns for cpix, ppi and other measures in future? would be super usefull
thanks
July 6th, 2010 at 12:12 pm
@Morris
PPI, CPI, GDP, prime & repo is already available. Will see what I can do about CPIX.
July 6th, 2010 at 10:14 pm
Hello
Talking about accrual system, commencement amounts and final assets amount, can you tell me how the final asset value of an estate is determined if the anc contract only mentions R-value and not actual properties owned. (the one party owned property and the other presumably just cash/investments.
Thanx
July 6th, 2010 at 10:06 pm
Sorry Francois I have another one as well. How do you convert the CPI inflation rate back to a CPI index?
July 14th, 2010 at 11:39 am
Hi Francois,
Great site and comments, I’ve added this to my Favorites List.
I have a question. Considering that Statistics South Africa made changes in January 2008 to the composition of the CPI, does the ‘CPI – ALL items for metropolitan areas’ still exist? Or is there only the CPI and CPIX?
Thanks again,
Best regards,
Chris
July 14th, 2010 at 12:08 pm
Hi Francois,
I’m a bit of a novice when it comes to this. I were looking on stats SA where they got a total CPI of 13% or something but year on year said 4.6%, whats the difference? How much more will I have to earn to live the same in say July this year from July last year? (Minimum increase)?
July 14th, 2010 at 01:42 pm
I do not understand the difference between CPI and CPIX. Can you please help me…..What is the difference between these two terms..
July 19th, 2010 at 03:04 pm
Francois etc
FYI, the STATS SA web site has two series of CPI index data – one up to 2008 and one subsequently, yet the two data series do not overlap – something to do with old metropolitan and other urban areas now cobined since 2009.
They do have the % CPI change but they don’t have a single series of index data, which is amazing!
August 4th, 2010 at 10:29 am
Hi Francois
I am doing an assignment for university and I am trying to find out why the inflation rate dropped so low in 2003/4 at 0.10% and then went to 13.7% in 2008? I’m only looking at 2000-2010 I’m still new to all of this and can’t understand why.
Kind Regards
Kerry Pretorius
August 27th, 2010 at 10:29 am
Thank you for an excellent website and very professional feedbacks. Looking forward at more spreadsheets to download.
August 29th, 2010 at 10:51 am
@Chris
As far as I know, only the weighting of the CPI index changed.
The categories should still be there…
August 29th, 2010 at 10:13 am
@Socrates
You can think of the CPIX as a subset of the CPI.
The CPIX basket of goods is the same as that of the CPI, except it does not include “owner’s equivalent rent” (i.e. mortgage costs).
August 29th, 2010 at 10:36 am
@Stefan
I don’t know where you got 13% from.
The year-on-year figure is the percentage change in the CPI, for a year.
So, provided that your expenses match those that make up the CPI basket of goods, you can use the year-on-year figures as shown on this page to see how much more you’ll need.
August 30th, 2010 at 09:13 pm
What was the CPIX rate in December 2009
August 31st, 2010 at 02:06 pm
Could you kindly indicate what the current monthly income will be of a person that earned R10 500 in January 2004 as adjusted for the eroding effects of inflation utilising the CPIX indicator.