The latest industry data suggests that food prices in South Africa will be increasing soon. Here’s what has caused the unsavoury inflation for our groceries.
f we’re not paying over the odds for our petrol, we’re being asked to fork out more for our groceries. Data shared by economist Wandile Sihlobo and the Consumer Price Index (CPI) suggests that food prices are on the rise above inflation, after a relatively quiet start to 2019.
Food prices set to increase in South Africa
The year-on-year inflation rate had reached 2.3% for the first four months of the year. But May has shown a 0.5% increase, bucking the recent trends. According to Sihlobo, this will affect the total price of a normal food shop.
“After stabilizing at 2.3% on a year-on-year basis for four months, South Africa’s food inflation edged up to 2.8% in May 2019. This increase is broad-based across the food basket, with the exception of fruits, vegetables and sugar
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