Article
South Africa’s food inflation decelerates
Published: 15/02/2017
The recent food and non-alcoholic beverages inflation data suggest that we might have already reached the peak in food inflation and the coming months could show sideways to a downward trend. Data released this morning showed that South Africa’s food and non-alcoholic beverages inflation eased at 11.4% year-on-year (y/y) in January 2017 from 11.7% in December 2016. With non-alcoholic beverages aside, food inflation eased at 11.8% y/y in January 2017 from 12% y/y in December 2016
The recent food and non-alcoholic beverages inflation data suggest that we might have already reached the peak in food inflation and the coming months could show sideways to a downward trend. Data released this morning showed that South Africa’s food and non-alcoholic beverages inflation eased at 11.4% year-on-year (y/y) in January 2017 from 11.7% in December 2016. With non-alcoholic beverages aside, food inflation eased at 11.8% y/y in January 2017 from 12% y/y in December 2016