Since the beginning of the lockdown, the good folks at Statistics South Africa have been measuring price changes for essential goods that appear in the Consumer Price Index and temporarily publishing inflation data weekly for a smaller range of goods.
Taking a closer look at products within the Food and Non-Alcoholic Beverages category of the basket, the products that experienced the biggest price rises between 2 and 16 April were milk, eggs and cheese, increasing by 2,9%, hot beverages (up 2,7%), and oils and fats (up 2,3%).
I will expand on food price inflation dynamics when the time allows. Generally, I haven’t moved from the view I expressed in March 2020 here.
You can access the recent Statistics South Africa data here.
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