LIST: What R100 can get you in 2022 vs 1980
Imagine if you had R100 to spend before the year 2000?
Statistics South Africa has recorded the consumer price inflation through the years. So there was a point back in 1980 where having more than R100 would make you rich... or at least with a bit extra buying power.
The consumer price index (CPI) is a metric to reflect changes in the rate of inflation and measures changes in price for a range of consumer products.
Through this, Business Tech calculated the equivalent buying power of R100 between the years 1980 and 2022.
Read more: Stats SA urges South Africans to get counted in final census bid
Crazily, R100 in 1980 would be worth around R3,200 in 2022.
WATCH: This woman confidently detects a scamming card device at a grocery store
Here is a list of items that show a comparison between 1980 vs 2022 - prepare to be shocked:
2-litre milk
1980 average cost R1.72
2022 average cost R28.74
Lamb chops
1980 average cost R6.69/kg
2022 average cost R194.90/kg
Toothpaste (100ml)
1980 average cost R1.09
2022 average cost R15.49
Pasta (500g)
1980 average cost R0.99
2022 average costR14.61
Simba chips (large,120g)
1980 average cost R0.99
2022 average cost R18.32
Kellogg’s cornflakes (500g)
1980 average cost R1.49
2022 average cost R45.49
