Article
South Africa’s annual food inflation falls to the lowest level in 18 months
Published: 24/06/2017
SA’s annual food inflation falls to the lowest level in 18 months Last month’s deceleration in food inflation, to 6.7% y/y, means that South Africa’s food prices are at the lowest levels in 18 months. This is a reflection of the benefits of higher agricultural output this year following good weather conditions across the country. We think that there is still room for further, but moderate deceleration in the next few months.
SA’s annual food inflation falls to the lowest level in 18 months Last month’s deceleration in food inflation, to 6.7% y/y, means that South Africa’s food prices are at the lowest levels in 18 months. This is a reflection of the benefits of higher agricultural output this year following good weather conditions across the country. We think that there is still room for further, but moderate deceleration in the next few months.