Inflation South Africa 1964
Average inflation: 2.5%
Inflation in 1964
Inflation is normal at 2.5%, around the ECB target.
Peak and Trough
The highest inflation was in December at 4.4%. The lowest inflation was in January at 0.6%.
- Highest month
- December: 4.4%
- Lowest month
- January: 0.6%
- Difference
- 3.8 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 0.8 percentage points higher than the 5-year average of 1.7%. This approaches the highest level since records began (2.5% in 1964).
- 5-year average
- 1.7%
- 10-year average
- 1.7%
- All-time high (1964)
- 2.5%
- All-time low (1962)
- 1.2%
Trend
Over the period 1962-1964, inflation shows an upward trend. Compared to 1963, inflation has risen by 1.2 percentage points.
- Change vs. previous year
- +1.2 percentage points
- Largest monthly swing
- December: +3.4 percentage points
ECB Target
Inflation is 0.5 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for ZAR 100 this year will cost approximately ZAR 102.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1964
Month overview
| Month | Inflation | Difference vs. 1963 |
|---|---|---|
| January | 0.6% | -1.3 |
| February | 1.0% | -0.6 |
| March | 1.9% | +0.6 |
| April | 2.2% | +1.2 |
| May | 2.2% | +1.6 |
| June | 2.2% | +1.2 |
| July | 2.5% | +1.2 |
| August | 2.5% | +0.9 |
| September | 3.2% | +1.6 |
| October | 3.5% | +1.9 |
| November | 4.1% | +2.5 |
| December | 4.4% | +3.4 |
| Average | 2.5% |
Data source
Data from OECD. Last updated: 24/11/2025.