Food price shocker for South Africa

South Africa News News

Food price shocker for South Africa
South Africa Latest News,South Africa Headlines
  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 61%

Annual consumer price inflation slowed marginally to 7.5% in September from 7.6% in August, edging down further from the 13-year high of 7.8% recorded in July.

The easing of inflation was mainly driven by fuel prices declining for a second consecutive month, contributing to the softer headline rate.According to Stats SA, for much of this year, inflation has been driven mainly by sharp increases in food & non-alcoholic beverages and fuel prices.

Fuel prices declined by 6.4% between August and September. This slowed the annual rate to 34.1%, which is down from the high of 56.2% reported in July. Stats SA noted that the 0.5% monthly increase was lower than the 1.8% monthly rise recorded in August, pointing to signs of food inflation slowing.The annual rate for bread & cereals accelerated to a 13-year high of 19.3% in September. Annual meat inflation increased from 9.2% to 9.9% – however, both increases were lower than in the previous month.

Prices for sunflower oil decreased by 8.0 percentage points in the month, with the average price of a 750 ml bottle of cooking oil falling to R41.38 from a high of R45.33 in July.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessTechSA /  🏆 24. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Attacks on journalists in spotlight at Aggrey Klaaste Annual ColloquiumSome of the sharpest brains in journalism will gather in Alexandra tomorrow at the Aggrey Klaaste Annual Colloquium to discuss the devastating impact of the 2021 July unrest on the media and the continued attacks on fearless journalists.
Read more »

Attacks on journalists in spotlight at Aggrey Klaaste Annual ColloquiumAttacks on journalists in spotlight at Aggrey Klaaste Annual Colloquium: Some of the sharpest brains in journalism will gather in Alexandra tomorrow at the Aggrey Klaaste Annual Colloquium to discuss the devastating impact of the 2021 July unrest on the…
Read more »

How much money cashiers are paid at South Africa’s largest retailersHow much money cashiers are paid at South Africa’s largest retailersSouth Africa’s largest retailer in terms of market capitalisation, turnover and employees, Shoprite has published its integrated annual report for 2022, highlighting its remuneration structure.
Read more »

Digital banking is safer than ever, but more is at stake - IT-OnlineDigital banking is safer than ever, but more is at stake - IT-OnlineDigital banking fraud has decreased over the last year – but the magnitude of financial losses has soared. This is according to the annual crime stats for 2021 released by SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry. Banking on digital platforms (on app, online and over the telephone) […]
Read more »

CRIME STATS: Digital banking fraud declines in SA, but more ATMs are being blown upCRIME STATS: Digital banking fraud declines in SA, but more ATMs are being blown upSouth Africa’s bank robbers are apparently becoming both more and less sophisticated. Incidents of digital banking fraud declined in 2021, but more money was stolen, according to the latest annual crime data published by the South African Banking Risk Information Centre. More ATMs were targeted by criminals using the blunt method of blowing them open with explosives.
Read more »



Render Time: 2025-03-18 02:09:31