PACSA Monthly Food Price Barometer
The January 2015 PACSA Monthly Food Price Barometer headlines ‘No drop in food prices as a result of the petrol price drop’.
The price of petrol has dropped by 25% since July 2014, and even considering the time lag, PACSA’s food price barometer shows an average increase in food prices of 0.7% from October 2014 till January 2015 (R1557.63 in October 2014 to R1568.25 in January 2015). STATS SA’s CPI food and non-alcoholic beverages index similarly showed a 0.9% increase between December 2014 and January 2015. Many are questioning why we have not seen a drop in food prices. Fuel is an input cost across the entire food value chain and in all foods.