December 3, 2021

Food prices in South Africa have shot up 10% in the last year – this is what you’re paying more for

The most recent Family Affordability Index by the Pietermaritzburg Financial Justice & Dignity group (PMBEJD) exhibits that meals prices elevated in August – and basket prices over the last 12 months have risen by 10%, far outpacing headline inflation.

The civil society initiative discovered that its family meals basket recorded a slight enhance in worth month-on-month, and stays at a lot greater ranges than September 2020, when the basket was first compiled.

The basket was tracked at R103.69 (2.5%) more costly than a month in the past (July) at R4,241.11. Over the previous 12 months, the price of the common basket worth elevated by 10% or R385. Headline inflation over the similar interval was a lot decrease, monitoring between 3% and 5%.

The basket contains 44 core meals gadgets most steadily bought by lower-income households, who make up most households in the nation. Solely six of the 44 meals got here down in worth; 5 meals had zero change, and 33 meals elevated.

These have been the most important modifications, the place prices elevated or declined by 10% or more.

July 2021 – August 2021 huge modifications:

  • Carrots: +17%
  • Butternut: +17%
  • Inventory cubes: +13%
  • Oranges: +12%
  • Wors: +10%

September 2020 – August 2021 huge modifications:

  • Sugar beans: +49%
  • Gizzards: +35%
  • Cooking oil: +31%
  • Beef liver: +23%
  • Beef: +23%
  • Potatoes: +21%
  • Eggs: +18%
  • Wors: +18%
  • Butternut: +18%
  • Carrots: +17%
  • Samp: +16%
  • Margarine: +16%
  • Apricot jam: +15%
  • Maize meal: +13%
  • Hen livers: +12%
  • Fish: +12%
  • Peanut butter: +12%
  • Tomatoes: +12%
  • Frozen hen parts: +10%
  • White sugar: +10%
  • Inyama yangaphakathi: +10%
  • Oranges: -42%

Food prices have been considerably impacted by the unrest and rioting skilled in Duban, Johannesburg and Pietermaritzburg in July, the PMBEJD stated.

The unrest and destruction left supermarkets and butcheries destroyed, whereas Cape City additionally skilled disruption because of ongoing taxi violence, which restricted entry to some supermarkets and butcheries.

The group stated that the unrest resulted in buyers travelling additional and ready in lengthy queues to buy the fundamentals, including strain to already tight budgets. In the meantime, this all came about throughout a time of heightened stress, nervousness and security issues round Covid-19.

“August 2021 has seen large hikes in the family meals baskets of Joburg, Durban and Pietermaritzburg, the place most of the unrest was situated.

“This is linked to the two weeks in July and the severe disruption of transportation routes, burning of trucks on the highways, closed off roads, looting and destruction of supermarkets and other shops, processing and packaging houses, ports, and disruption of agricultural activities,” it stated.

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