South African food inflation hit its highest level in six years in July

South African food and non-alcoholic beverage inflation hit 9.7%, in year-on-year terms, in July, the Bureau for Food and Agricultural Policy (BFAP) has reported. This is the highest level since the severe drought in the country during 2016 and 2017. However, the South African figure is still noticeably behind the year-on-year food inflation rates for Zambia (11.3%) and Kenya (15.3%). (Among global major food markets, the equivalent numbers were 10.9% for the US, 12.8% for the European Union and 14.7% for Brazil.) In month-on-month (m-o-m) terms, South African food and non-alcoholic beverage inflation in July was up 1.1%. The sector contributed 1.7 percentage points to the consumer price index year-on-year headline inflation figure of 7.8%.

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