A recent report highlights how much more South Africans are paying for groceries compared to 2019.
Over the past year, overarching factors such as geopolitical unrest, a weaker rand, and persistent and escalating load shedding have elevated food price inflation in South Africa – resulting in most consumers spending almost 50% more on groceries since 2019.
South Africans experienced food inflation of 12% in 2022, almost double the national inflation rate, which eased to 6.9% in January 2023. This is followed by the affluent mass market , emerging affluent , and the high net worth market, seeing the smallest increase in spend on groceries, of only 4%. Mass consumers are at a disadvantage in this regard. There is no substitution option for the group, and this explains why the impact of food inflation is so much more significant for this client segment,” said Discovery.Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group shows that food prices in South Africa continued to rise in 2023.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africans are paying up to 54% more for domestic travelWhile domestic travel has quickly returned to pre-pandemic levels in the last year, air travel ticket prices have risen by up to 54% compared to 2019.
Read more »
Load shagging: When lights are off, South Africans are charged up | The CitizenOpinion: Last year, the Sex Expo conducted a survey, and results showed that when the lights are off, South Africans are charged up in the bedroom faster than a premium power bank. Read more here ➡️
Read more »
Blackout report paints a bleak picture of hopeless South AfricansLoad-shedding makes most South Africans feel despondent about the future of the country. This is according to the latest study by BrandMapp and SilverstoneCIS, which looked at the effects of rolling blackouts on the country’s taxpayers.
Read more »
Blackout report paints a bleak picture of hopeless South AfricansLoad-shedding makes most South Africans feel despondent about the future of the country. This is according to the latest study by BrandMapp and SilverstoneCIS, which looked at the effects of rolling blackouts on the country’s taxpayers.
Read more »
Introducing Capitec Pay – The best way for South Africans to pay[Promoted] Introducing Capitec Pay – The best way for South Africans to pay
Read more »
Introducing Capitec Pay – The best way for South Africans to pay[Promoted] Introducing Capitec Pay – The best way for South Africans to pay
Read more »