Release of the 2017 PACSA Food Price Barometer annual report
Category : PACSA news
The PACSA Food Price Barometer is an indicator of food price inflation on the baskets of low-income households. It shows the impact of food price inflation for low-income urban households in Pietermaritzburg but is able to express a picture of what is happening in low-income homes across South Africa. Because of the way women living on low incomes allocate their expenditures: food prices cannot be analysed outside the economy; nor can the economy be analysed outside the foods in our trolleys and on our plates. The Barometer is a useful instrument to measure the state’s political choices and economic performance. It finds that households living on low incomes are coming under enormous pressure as the crisis in our economy deepens and many of the buffers and instruments to mitigate the impact of the crisis are not available. Read more..