We all have front-row seats to watch how food, fuel, and other prices are currently skyrocketing and the cost of living is just insane, not just in South Africa but worldwide. The whole globe is currently facing inflationary conditions, and reserve banks are doing their best to try and tame them.

With these current price increases, one could wonder if history could possibly repeat itself and we could face the same fate as the people in 1980. In the 1980s, the Consumer Price Index (CPI) once hit a record high of 19.70%.

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