Article
SA food price inflation continues to decelerate
Published: 13/12/2017
Food inflation decelerated to 5.2% y/y last month, from 5.3% y/y in October 2017. Most food products price inflation within the basket continued to slow, reflecting the recent good harvest of grains and oilseeds. Moreover, meat price inflation, which has been somewhat stickier in the past few months, also decelerated due to an uptick in livestock slaughtering activity. Amongst products on the upside; milk, eggs and cheese price inflation increased by one percentage point from the previous month. This is partially on the back of the damage caused by the Avian Influenza in the poultry industry.
Food inflation decelerated to 5.2% y/y last month, from 5.3% y/y in October 2017. Most food products price inflation within the basket continued to slow, reflecting the recent good harvest of grains and oilseeds. Moreover, meat price inflation, which has been somewhat stickier in the past few months, also decelerated due to an uptick in livestock slaughtering activity. Amongst products on the upside; milk, eggs and cheese price inflation increased by one percentage point from the previous month. This is partially on the back of the damage caused by the Avian Influenza in the poultry industry.