While annual inflation for bread and cereals dropped slightly to 20.5% in February, starch foods continue to drive food inflation higher.
JOHANNESBURG - High food inflation has continued to bite consumers, according to Statistics South Africa.
The February reading for the consumer price index stands at 7% – a slight increase for the first time in four months. Annual consumer #inflation rose for the first time in four months, edging to 7,0% in February from 6,9% in January.' Stats SA March 22, 2023 And the driving factor is food and non-alcoholic beverages, which hit record-high increases of 13.6%.Maize meal, an important staple, continues to see high price increases, with its index up 2.2% between January and February.Maize meal, an important staple, continues to see high rates of #inflation.
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