Food prices up 9% over last 3 months

Category : PACSA news

The price of the PACSA food basket increased by 9% (R148.94) over the last three months from R1 648.10 in November 2015 to R1 797.04 in January 2016. The month-on-month increases for Nov 2015-Dec 2015 was 4.01% and for Dec 2015-Jan 2016 was 4.8%. The year-on-year increase for Jan 2015-Jan 2016 was 14.6% (R228.79). A 14.6% year-on-year increase, coupled with the latest data of a 9% increase in prices on the food baskets of low-income households over the past three months suggests that food prices may increase beyond 15% in 2016.  Read more here


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