Article
Meat drives up SA’s food inflation
Published: 21/06/2017
Last month’s slight uptick in South Africa’s food inflation mirrors the tail-end effects of the 2015-16 El Niño induced drought in the livestock sector. As farmers continued to restock their herds, the slaughtering activity eased a bit with that resulting in the increase in meat prices . However,the expected recovery in the poultry sector could soften the pace of an increase in overall meat inflation over the coming months.
Last month’s slight uptick in South Africa’s food inflation mirrors the tail-end effects of the 2015-16 El Niño induced drought in the livestock sector. As farmers continued to restock their herds, the slaughtering activity eased a bit with that resulting in the increase in meat prices . However,the expected recovery in the poultry sector could soften the pace of an increase in overall meat inflation over the coming months.