
Top stories






More news









Marketing & Media
Chicken Licken bravely debones a rare phobia with their latest campaign
Joe Public 2 days





Construction & Engineering
US shuts down massive Lesotho development project


Food inflation
Official food inflation, as reported by Statistics South Africa, decelerated to 3.9% during February 2018, year-on-year (y-o-y), from 4.5% reported in January 2018, as a result of a decline in agricultural commodity prices from higher output levels of the previous production season.
Meat price inflation eased to 11.4% (y-o-y) from 13.4%, with slaughtering activity declining by 28.2% (m-o-m) when compared with January 2018. Egg prices remain high as a result of the avian flu outbreak.
The outlook for food inflation should continue to ease in the coming months. This will be influenced by relatively large grain stocks from the previous season, expectations of a good harvest in the summer crop growing areas of the country, and the expected normalisation in livestock slaughtering activities.
As polony has been identified as the primary product source of the outbreak, current trends indicate that polony price (per kg) has decreased by 7.5% m-o-m but reported growth of 1.7% when compared to February 2017. The possible impact at retail level could be assessed in four months (the average time lag for price response between producer and retail level).