Inflation South Africa 1962
Average inflation: 1.2%
Inflation in 1962
Inflation is low at 1.2%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 1.6%. The lowest inflation was in November at 0.3%.
- Highest month
- January: 1.6%
- Lowest month
- November: 0.3%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is around the 5-year average of 1.5%. This approaches the lowest level since records began (1.2% in 1962).
- 5-year average
- 1.5%
- 10-year average
- 1.5%
- All-time high (1961)
- 2.1%
- All-time low (1962)
- 1.2%
Trend
Over the period 1960-1962, inflation has remained relatively stable. Compared to 1961, inflation has fallen by 0.9 percentage points.
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- November: -2.3 percentage points
ECB Target
Inflation is 0.8 percentage points below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for ZAR 100 this year will cost approximately ZAR 101.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1962
Month overview
| Month | Inflation | Difference vs. 1961 |
|---|---|---|
| January | 1.6% | -0.4 |
| February | 1.3% | -1.0 |
| March | 1.6% | -0.4 |
| April | 1.6% | -0.4 |
| May | 1.3% | -1.0 |
| June | 1.3% | -0.7 |
| July | 1.3% | -0.7 |
| August | 1.0% | -1.0 |
| September | 1.0% | -1.0 |
| October | 1.0% | -1.0 |
| November | 0.3% | -2.3 |
| December | 1.6% | -0.4 |
| Average | 1.2% |
Data source
Data from OECD. Last updated: 24/11/2025.