The latest Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows that food prices increased in April 2022.
The group recorded its Household Food Basket at R4,542.93 in April 2022. Month-on-month, the average cost of the basket increased by R92.84 , from R4,450.09 in March 2022. Year-on-year, basket increased by R344.00 , from R4,198.93 in April 2021.
According to the PMBEJD, the cost of the household food basket continues to rise due to both global and local factors, with worse still to come. “Much higher production and logistical costs will continue to drive prices upwards and are likely to continue rising for the rest of 2022,” the PMBEJD said. The recent flooding in KwaZulu-Natal was not accounted for in the group’s April data – as prices were collected before the rains – but the natural disaster will also undoubtedly add to increases going forward.
“At the retail level, supermarkets have responded by rounding on the higher food prices by bringing in a lot of new cheaper brands,, offering specials, offering ‘combos’, offering store cards, etc,” the group said.
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