Development of inflation rates in South Africa
The inflation rate in Germany moved over the past years between 1.4% and 18.7%. For 2016, an inflation rate of 6.3% was calculated.
During the observation period from 1980 to 2016, the average inflation rate was 9.5%
per year. Overall, the price increase was 2,498.62 %. An item that cost 100 Rand in 1979 was 2016 so charged 2,598.62 Rand.
In only a very few countries, the price increase is that high. The rate of 18.7% in 1986 means, that compared to the previous year all prices have been increased by an average of 18.7%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: South Africa