Inflation South Africa 1976
Average inflation: 11.0%
Inflation in 1976
Inflation is very high at 11.0%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 12.9%. The lowest inflation was in November at 9.4%.
- Highest month
- August: 12.9%
- Lowest month
- November: 9.4%
- Difference
- 3.5 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 0.6 percentage points higher than the 5-year average of 10.4%.
- 5-year average
- 10.4%
- 10-year average
- 7.2%
- All-time high (1975)
- 13.5%
- All-time low (1962)
- 1.2%
Trend
Over the period 1974-1976, inflation has remained relatively stable. Compared to 1975, inflation has fallen by 2.5 percentage points.
- Change vs. previous year
- -2.5 percentage points
- Largest monthly swing
- February: -5.5 percentage points
ECB Target
Inflation is 9.0 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for ZAR 100 this year will cost approximately ZAR 111 next year at this inflation rate.
Multi-year trend
Monthly figures 1976
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1975 |
|---|---|---|
| January | 10.3% | -3.4 |
| February | 10.2% | -5.5 |
| March | 11.9% | -1.6 |
| April | 11.7% | -3.7 |
| May | 11.7% | -1.5 |
| June | 11.5% | -1.5 |
| July | 9.7% | -5.1 |
| August | 12.9% | +0.2 |
| September | 11.1% | -1.4 |
| October | 11.1% | -1.4 |
| November | 9.4% | -2.9 |
| December | 10.9% | -1.4 |
| Average | 11.0% |
Data source
Data from OECD. Last updated: 19/12/2025.