Agriculture
South Africa’s food inflation remains at 6,9%─── 14:28 Wed, 19 Jul 2017
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South Africa’s food inflation is unchanged at 6,9%, but last month’s food inflation figures show the significance of meat within the food basket.
All products decelerated from the previous month’s levels with the exception of meat which, therefore, is sustaining the food inflation levels at 6.9%.
Wandile Sihlobo from Agbiz agricultural business group says the uptick in meat inflation mirrors the remaining effects of the 2015-16 El Niño induced drought in the livestock sector.
As farmers continued to restock their herds, the slaughtering activity eased a bit with that resulting in the increase in meat prices.
