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SA consumer food price inflation moderated in October 2021

Agbiz chief economist Wandile Sihlobo says South Africa's consumer food price inflation moderated to 6,7% y/y in October 2021, from 7,0% in the previous month. There was a deceleration in products price inflation across the food basket except for vegetables. Still, we think the uptick in vegetables price inflation is temporary and was mainly caused by the supply constraints in the northern parts of South Africa in the past few months, which has now normalised.

Published: 22 November 2021