The latest Household Affordability Index compiled by the Pietermaritzburg Economic Justice & Dignity Group shows the average cost of the goods basket increased by R560.57 , from R4,128.23 in June 2021 to R4,688.81 in June 2022.
“The escalation of food inflation on basic staple foods, one which households cannot absorb and one where no apparent relief is forthcoming, at least in the near-term, is a major concern,” said Mervyn Abrahams of the PMBEJD.Cake flour . A 10kg bag of cake flour costs an average of R115.90 .Maize meal . A 10kg bag of maize meal went up by an average of R3.11, with June cost of R89.62.
“In July public transport fares are set to increase and the annual electricity tariff hikes will come into effect. Food price inflation is likely to continue climbing. Winter enters its second month,” he said.“All the local and global factors driving food prices upwards continue,” said Abrahams. “Much higher commodity prices, production and logistical costs will continue to drive prices upwards and are likely to continue rising for the rest of 2022.
Yoo dumb to know that there was covid; and now there’s UkraineRussiaWar affecting global food supply! You think you’re an island!
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South Africans are paying nearly 14% more for food than a year agoBasic food and personal hygiene items are costing struggling South Africans nearly 14% more than a year ago, prompting fears of increased hunger, social instability and deterioration of health. With the same damn salary. 🤡 When leaders are not cautious this is a dynamite waiting to explode Thanks to Ramaphosa’s in full
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