Calculator; Data; About; South African Inflation. The CPI shows the average price level of all those goods and services (a fixed basket of goods and services) bought by a typical consumer or household in South Africa changes over time.
All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.
To start, enter an amount and select two dates. Therefore, we can resolve the formula like this:When the CPI for both start and end years is known, the following formula can be used: In this case, the CPI in 1958 was 1.3 and in 2020 was 123.72.
Therefore, Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula.Given that money changes with time as a result of an inflation rate that acts as a compound interest, the following formula can be used: In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. 2016M12=100, NSA
Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. The consumer price index (CPI) is the official measure of consumer inflation in South Africa.
In South Africa, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. This means that The following chart depicts the equivalence of south african rand throughout the years due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money. Calculate what historical, inflation adjusted money is worth today. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. About the CPI Inflation Calculator The CPI inflation calculator uses the Consumer Price Index for All Urban Consumers (CPI-U) U.S. city average series for all items, not seasonally adjusted. Consumer Price Index CPI in South Africa averaged 30.98 points from 1960 until 2020, reaching an all time high of 115.60 points in March of 2020 and a record low of 1.20 points in February of 1960. Inflation timeline in South Africa (1958 - 2020) The following chart depicts the equivalence of south african rand throughout the years due to compound inflation and CPI changes. Calculate the time value of money using official CPI and inflation historical data. There are 62 years between 1958 and 2020 and the average inflation rate was 7.6235%.
represents changes in the prices of all goods and services … The energy index advanced 6.5 percent since May, while the index for all items less food and energy edged up 0.2 percent.
SA Inflation. In other words, the future value is the amount in 2020 that equals R100 in 1958 in terms of purchasing power.
Inflation South Africa 2019 (CPI) - The inflation chart and table below feature an overview of the South African inflation in 2019: CPI South Africa 2019. THE SOUTH AFRICA I KNOW, THE HOME I UNDERSTAND Chapter 1: Introduction to the South African Consumer Price Index (CPI) 1.
Multiple currencies and countries.
The Trading Economics Application Programming Interface (API) provides direct access to our data. This tool is useful to calculate the time value of money based on historical inflation and CPI values.
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