Inflation South Africa 1966
Average inflation: 3.5%
Inflation in 1966
Inflation is high at 3.5%, well above the ECB target.
Peak and Trough
The highest inflation was in September at 4.1%. The lowest inflation was in August at 2.7%.
- Highest month
- September: 4.1%
- Lowest month
- August: 2.7%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 1.0 percentage points higher than the 5-year average of 2.5%.
- 5-year average
- 2.5%
- 10-year average
- 2.3%
- All-time high (1965)
- 4.1%
- All-time low (1962)
- 1.2%
Trend
Over the period 1964-1966, inflation has remained relatively stable. Compared to 1965, inflation has fallen by 0.6 percentage points.
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- August: -1.6 percentage points
ECB Target
Inflation is 1.5 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 103.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1966
Month overview
| Month | Inflation | Difference vs. 1965 |
|---|---|---|
| January | 3.3% | -1.4 |
| February | 3.9% | -0.8 |
| March | 3.6% | -0.5 |
| April | 3.3% | -1.1 |
| May | 3.0% | -1.4 |
| June | 3.3% | -1.0 |
| July | 3.0% | -1.0 |
| August | 2.7% | -1.6 |
| September | 4.1% | +0.4 |
| October | 4.1% | +0.4 |
| November | 3.8% | +0.5 |
| December | 3.8% | +0.5 |
| Average | 3.5% |
Data source
Data from OECD. Last updated: 24/11/2025.