Article
SA food inflation falls to the lowest level in 21 months
Published: 20/09/2017
Food inflation decelerated to 5.7% y/y in August 2017, from 6.8% y/y in the previous month. This is the lowest levels since November 2015 - thanks to good summer rain, which led to a higher agricultural output. While we expect further moderation in the next few months, the picture of the food basket remains mixed. All food products have decelerated, with the exception of meat which remains stickier, recording 15.0% y/y in August 2017, which is the highest level since December 2011.
Food inflation decelerated to 5.7% y/y in August 2017, from 6.8% y/y in the previous month. This is the lowest levels since November 2015 - thanks to good summer rain, which led to a higher agricultural output. While we expect further moderation in the next few months, the picture of the food basket remains mixed. All food products have decelerated, with the exception of meat which remains stickier, recording 15.0% y/y in August 2017, which is the highest level since December 2011.