This year’s Christmas promises to be one of the most expensive in recent memory as food inflation increased by at least 14.0%, according to agricultural economists, who also warned that consumers will have to dig deeper into their pockets, especially for vegetables.
Daniël Minnaar, Agri Western Cape economist, said food prices in South Africa have slowed since the first quarter of 2023, when food inflation increased by at least 14.0%, leaving South African consumers facing high prices for basic foods such as bread, vegetables, fruit and chicken.
He said vegetables were the food category that had both the highest month-on-month (MoM) and year-on-year (YoY) inflation rates, with an increase of 7.1% and 23.6%, respectively. Sugar-rich foods (17.6%), dairy and eggs (12.4%), bread and cereals (8.8%), and fruit (8.5%) were the…