Article
South Africa’s annual food inflation falls to the lowest level in 14 months
Published: 19/04/2017
SA’s annual food inflation falls to the lowest level in 14 months Although there are lag effects between the decline in agricultural commodity prices and retail food prices, the benefits of the uptick in agricultural production are already reflected in food prices. South Africa’s annual food and beverages inflation fell to 8.7% year-on-year in March 2017, which is the lowest level in 14 months.
SA’s annual food inflation falls to the lowest level in 14 months Although there are lag effects between the decline in agricultural commodity prices and retail food prices, the benefits of the uptick in agricultural production are already reflected in food prices. South Africa’s annual food and beverages inflation fell to 8.7% year-on-year in March 2017, which is the lowest level in 14 months.