Article
SA food and non-alcoholic beverages inflation unchanged
Published: 22/08/2018
South Africa’s food and non-alcoholic beverages price inflation remain unchanged for a third consecutive month, at 3.4% y/y in July 2018. Similar to the previous months,most food products inflation within the basket generally softened due to lower agricultural commodity prices, which in turn, were a reflection of available large supplies.The deceleration in meat price inflation was largely underpinned by lower pork prices. The only food category that showed a notable uptick was milk, eggs and cheese, which was partly due to the effects of avian influenza in South Africa’s egg-laying flock.
South Africa’s food and non-alcoholic beverages price inflation remain unchanged for a third consecutive month, at 3.4% y/y in July 2018. Similar to the previous months,most food products inflation within the basket generally softened due to lower agricultural commodity prices, which in turn, were a reflection of available large supplies.The deceleration in meat price inflation was largely underpinned by lower pork prices. The only food category that showed a notable uptick was milk, eggs and cheese, which was partly due to the effects of avian influenza in South Africa’s egg-laying flock.