South Africa’s consumer inflation rose by 4.3% in August, compared to 4% in July.
This is slightly higher than expected: economists polled by Bloomberg had predicted an increase of 4.2%.
Annual food inflation reached its highest level in 18 months, registering 3.8% in August, Statistics SA reported. This was mostly due to a 8.6% increase in bread and cereal prices – the highest annual inflation reading for bread and cereals since February 2017, when the rate was 12.8%.
The South African Pork Producers’ Organisation (SAPPO) coordinates industry interventions and collaboratively manages risks in the value chain to enable the sustainability and profitability of pork producers in South Africa.