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What’s driving prices in SA’s food basket this year?

sappo-kospryse

By Wandile Sihlobo

South Africa’s food prices increased at a relatively slower pace in January 2020 compared to December 2019.

The data, released on Tuesday by Statistics South Africa, shows that the country’s food price inflation was at 3.7% y/y in January 2020, while the previous month was 3.8% y/y.

This deceleration, however, was not across the food basket. Only price inflation of bread and cereals, fish, and vegetables decelerated. But this was enough to overshadow the increases in meat, milk, eggs and cheese, oil and fats, fruit, sugar, sweets and desserts.
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