South Africa: M3 Money Supply vs CPI Inflation

Indexed Growth Over Time

2 years 5 years 10 years 15 years 20 years

Years: 15

Key Takeaway

Over this period, the annualised M3 money supply growth rate is 7.27%

An amount of R1,000 from 15 years ago would need to be worth R2,864 today just to keep pace with the expanding money supply.

M3 and CPI are indexed to 100 at the first visible month so their growth rates can be compared on one chart. CPI inflation index data is sourced from Inflation Calculator South Africa, which states that its inflation index data comes from Stats SA.