Rising fuel and electricity prices and a weaker rand could feed into higher food inflation, but economists expect the uptick to be relatively moderate.
August’s consumer inflation numbers, released on Wednesday, showed a steep rise in the prices of bread and cereal category, which increased by 8.6% from a year ago. This was the biggest annual jump since February 2017.
With March the first full month of elevated global grain and oilseed prices due to the Russian invasion of Ukraine, the recent release of March food inflation figures in South Africa was keenly anticipated.