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FOOD INFLATION NEWS ON FASTMOVING

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Bidcorp expects higher food inflation in SA

Bidcorp expects higher food inflation in SA

23/05/2019 - 09:16
Global food-services group Bidcorp expects rising food price inflation in SA, where food producers and retailers are grappling with higher costs and low selling price increases. read more
SA set to remain a net importer of wheat

SA set to remain a net importer of wheat

09/05/2019 - 10:22
Despite improvements in production, the country will not be able to meet demand and imports could keep driving up food inflation. read more
News not all bad for food prices

News not all bad for food prices

01/04/2019 - 14:51
Rising fuel and electricity prices and a weaker rand could feed into higher food inflation, but economists expect the uptick to be relatively moderate. read more
Lower food inflation, strikes and currency devaluation hit Shoprite sales

Lower food inflation, strikes and currency devaluation hit Shoprite sales

30/10/2018 - 10:48
Shoprite says low internal food inflation at SA supermarkets and currency devaluation in other African markets where it operates hit sales in the quarter ending September 2018, with the group managing a 0.4% increase in turnover. read more
Consumer inflation rises slightly faster than expected, led by fuel

Consumer inflation rises slightly faster than expected, led by fuel

23/08/2018 - 09:42
Inflation accelerated to a 10-month high of 5.1% in July from 4.6% in June, coming in slightly higher than economists anticipated. read more
SA on track for moderate food-price inflation, say analysts

SA on track for moderate food-price inflation, say analysts

10/05/2018 - 14:46
Early indications are that agriculture exports will be strong. read more
High red meat prices fuelled by inflation, says Stats SA

High red meat prices fuelled by inflation, says Stats SA

17/04/2018 - 15:16
Red meat prices in South Africa have increased at the highest rate of all food products year-on-year, despite a marked slowdown in food inflation, according to a statement by Statistics SA. read more
Positive inflation surprise raises hope of a rate cut

Positive inflation surprise raises hope of a rate cut

20/03/2018 - 14:30
Consumer inflation slowed to 4% in February — from 4.4% in January, and beating economists’ consensus of 4.2%. read more
SA food and non-alcoholic price inflation decelerates

SA food and non-alcoholic price inflation decelerates

22/02/2018 - 15:00
Food and non-alcoholic beverages inflation has been on a downward trend since mid-2017, following a robust output from the agricultural sector. In January 2018, food inflation further decelerated to 4.5% year-on-year (y/y), which is the lowest level in more than two years. With that said, the food basket remains mixed.  read more
Slowdown in food inflation set to ease burden

Slowdown in food inflation set to ease burden

05/02/2018 - 11:12
Average middle-income earners spend 28% of their salary on food, so the stable inflation environment will bring much-needed relief at the till, say, economists, who have noted slight improvements in the prices of staples such as bread and cereal. read more
SA consumers mark longest pessimistic streak in more than three decades

SA consumers mark longest pessimistic streak in more than three decades

31/01/2018 - 11:59
South African consumers have remained pessimistic for the past three years, a First National Bank sponsored survey released on Wednesday morning showed. read more
SA food price inflation slows 4.9%

SA food price inflation slows 4.9%

31/01/2018 - 10:40
"Food inflation for December 2017 was in line with our expectation at 4.9% Y/Y, from 5.2% in November 2017. This is reflective of the current lower agricultural commodity prices, which in turn, have been pressured by a large harvest from the 2016/17 production season. We expect this trend to persist in the short term cushioned by the relatively large stock from the previous season, despite the fears of dryness in the western parts of the country" - Wandile Sihlobo, Agbiz Head: Agribusiness Intelligence  read more
Consumer inflation stabilises despite leap in fuel prices

Consumer inflation stabilises despite leap in fuel prices

24/01/2018 - 13:19
Consumer inflation edged up as expected in December, as a hefty fuel price increase of 70c a litre took a chunk out of consumers’ wallets but was counterbalanced by lower inflation elsewhere, including food.  read more
Increase expected in consumer inflation

Increase expected in consumer inflation

16/10/2017 - 10:18
The focus this week will be on the September consumer inflation figure and retail trade sales for August. Statistics SA will release both indicators on Wednesday. read more
Interest rate cut unlikely amid risks to currency

Interest rate cut unlikely amid risks to currency

22/05/2017 - 10:01
Uncertainty about the rand exchange rate, as well as food prices, have put question marks over the sustainability of inflation drop. read more
Pick n Pay invests R500m to cut prices of everyday food items

Pick n Pay invests R500m to cut prices of everyday food items

22/03/2017 - 14:38
Johannesburg – In a move that could be seen as a bid to lure shoppers away from its rivals, Pick n Pay is investing R500 million in making food items cheaper. read more
Food inflation to simmer down to single digits

Food inflation to simmer down to single digits

22/03/2017 - 09:50
SA’s unusually high food price inflation was expected to drop to single digits for the first time in a year, economists predict. read more
Low food prices to ease pain

Low food prices to ease pain

27/01/2017 - 09:05
The decline in food inflation may be offset by higher meat and petrol prices read more
October inflation down to 6.9 %, Zambia

October inflation down to 6.9 %, Zambia

08/11/2013 - 09:44
The annual rate of inflation for the month of October 2013 has reduced to 6.9% compared to 7.0% recorded in September 2013.  read more
Retail prices at 16.7% mark-up, Ghana

Retail prices at 16.7% mark-up, Ghana

01/10/2013 - 11:18
Commodity prices at retail level are, on the average, trading at more than 16 per cent of wholesale prices, the Esoko-GNA Commodity Index (EGCI) has revealed. read more
Inflation dropped by 0.02% in August, gov statistician, Ghana

Inflation dropped by 0.02% in August, gov statistician, Ghana

17/09/2013 - 10:56
The average change in prices of goods and services in the country, measured by inflation, dropped to 11.5 per cent in August after registering a consistent rise since January, this year. read more
Gauteng roads to be tolled

Gauteng roads to be tolled

14/12/2012 - 08:19
E-tolling of Gauteng freeways got the legal nod on Thursday when the High Court in Pretoria dismissed an application to have the project scrapped. read more
Repo rate unchanged

Repo rate unchanged

23/11/2012 - 15:18
The prime interest rate will remain steady after the SA Reserve Bank opted on Thursday not to change the repo rate. read more
Brace for another petrol hike

Brace for another petrol hike

18/09/2012 - 08:13
Cape Town - According to the latest statistics from the Central Energy Fund, consumers could be in for another shock with the petrol price rising again by 37 cents a litre, bringing it to just over R12/litre, TimesLive reported on Monday. read more
Fuel hike to hit poor hard

Fuel hike to hit poor hard

03/09/2012 - 10:30
Wednesday’s hefty 93c/litre petrol price hike is likely to hit consumers hard – and not just at the fuel pumps. The Minerals and Energy Department announced the biggest fuel price hike this year on Friday, prompting AA spokesman Gary Ronald to warn the hike would affect “absolutely everything”. read more
Shoprite banks R4.7bn profit

Shoprite banks R4.7bn profit

22/08/2012 - 09:21
Cape Town - Shoprite Holdings [JSE:SHP] on Tuesday posted a 17% increase in trading profit to R4.665bn in the year to June 2012, with turnover increasing 14.4% to R82.731bn. read more
Absa warns on food security

Absa warns on food security

02/08/2012 - 08:30
Johannesburg – The rise in agricultural commodity prices poses a threat to food security‚ according to Ernst Janovsky‚ Absa head of agribusiness. read more
Maize price hikes dim hopes of interest rate cut

Maize price hikes dim hopes of interest rate cut

18/07/2012 - 09:13
A leap in global grain prices over the past month is set to tarnish an otherwise benign outlook for inflation in SA, and dampen speculation the Reserve Bank may cut interest rates later this year. read more
Food more expensive in rural areas in SA

Food more expensive in rural areas in SA

30/05/2012 - 08:46
Rural consumers paid more than their urban counterparts for the same food basket last month, according to the Food Price Monitor compiled by the National Agriculture Marketing Council. read more
Seven percent rise seen in April producer price index

Seven percent rise seen in April producer price index

29/05/2012 - 08:29
South Africa’s producer price index (PPI) is expected to clock in at 7,0% year on year (y/y) in April from 7,2% in March, a survey by I-Net Bridge has found.  read more
Shoprite boasts rise in half-year turnover

Shoprite boasts rise in half-year turnover

17/01/2012 - 09:11
Johannesburg - Shoprite Holdings [JSE:SHP] said on Monday that for the six months ended December 2011 it grew turnover by 13.2% to some R41.1bn. read more