Food price inflation increases hurt the poor – declare the drought a national disaster!
21 September 2016
Today’s Statistics SA (Stats SA) CPI figures reveal that prices of food and non-alcoholic beverages went up by 11.6% year-on-year (Aug ‘15 – Aug ’16).
In particular, staple foods such as bread and vegetables recorded the highest inflation, with bread and cereals increasing by 16%; fruit by 20% and vegetables by 15.4%.
This means that it is getting more expensive to buy the food that people need to survive.
With 8.9 million unemployed South Africans, and inadequate growth in social grants, the poorest South Africans will be the hardest hit.