South Africa’s food price inflation decelerates in January 2021

South Africa’s food price inflation decelerates in January 2021

South Africa’s food price inflation softened to 5,6% y/y in January 2021, from 6,2% y/y in the previous month. The deceleration was in most product prices in the food basket except for bread and cereals, which accelerated from the levels seen in December 2020. Nevertheless, this was overshadowed by the slowing price inflation in meat; fish; milk, eggs and cheese; fruit; and vegetables.

South African farming’s resilience feeds through to 2021

South African farming’s resilience feeds through to 2021

2020 has been an eventful year, yet with broadly positive results for agriculture — with the exception of the wine and tobacco industries. I look to 2021 with hope for yet another strong performance for agriculture, underpinned by a favourable production season, though the growth numbers are unlikely to be double digits in part because of base effects.

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