The South African Competition Commission has noted a sharp increase in staple foods in South Africa – which may be at risk of price gouging by retailers.
The commission’s latest Essential Food Pricing Monitoring Report identified specific problems with sunflower oil and bread prices in South Africa, saying that consumers “might be facing opportunistic price increases” in these two categories.
Stats SA’s latest consumer price information shows that fats and oils, bread, and cereals currently carry the highest food price inflation at 36.2% and 13.7%, respectively. However, in the case of processor prices, these increases have not been entirely driven by the price of sunflower seeds since the SA Futures Exchange price for sunflower seeds has been fairly stable over the period and not seen significant increases.large widening of marginsthat is not related to costs.”Bread as staple food for consumers is also a point of concern. The commission noted that the wholesale-to-retail price of bread has increased significantly over time.
The latest commission also had positive findings, in that there hasn’t been a significant increase in the prices of fruits and vegetables in recent months.
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.
South Africa: COSATU, SAFTU Strike Commences - South African News Briefs - August 24, 2022
Read more »
South Africa: State Capture Whistleblower Vytjie Mentor Dies - South African News Briefs - August 23, 2022
Read more »
Big news about Amazon’s South African marketplaceAn “Amazon.co.za” option has been found listed in an Amazon support drop-down menu.
Read more »
World’s biggest cryptocurrency exchange launches South African rand depositsBinance has added a rand-based fiat gateway with support for South Africa’s five biggest banks.
Read more »
THE CONVERSATION: New book on Mapungubwe Archive contests history of South African world heritage siteThe Mapungubwe site offers evidence of precolonial innovation and technology.
Read more »
THE CONVERSATION: Fish in major South African river have microplastics coursing through themARCHIVES: Plastic particles are becoming vehicles for toxic elements and organic contaminants which subsequently rise through food chains.
Read more »