Article
SA food inflation unchanged at 6.9%
Published: 19/07/2017
Last month’s food inflation figures show the significance of meat within the food basket. All products decelerated from the previous month’s levels with the exception of meat which remained elevated and therefore, sustaining food inflation at 6.9%. The uptick in meat inflation mirrors the remaining 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.
Last month’s food inflation figures show the significance of meat within the food basket. All products decelerated from the previous month’s levels with the exception of meat which remained elevated and therefore, sustaining food inflation at 6.9%. The uptick in meat inflation mirrors the remaining 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.