30 May 2024, BFAP
South African year-on-year inflation on food and non-alcoholic beverages decreased by 0.4 percentage points from 5.1% in March 2024, to 4.7% in April 2024. Food inflation remained at a level lower than CPI headline inflation (5.2% in April 2024) for the second consecutive month. In April 2024, a four-member reference household had to spend R3 812 on the Thrifty Healthy Food Basket, R31 per month more than a month ago.
In this issue of the BFAP FOOD INFLATION BRIEF, the April 2024 South African food inflation figures are unpacked as well as associated driving factors and expectations.
