BFAP Brief on January 2024 Stats SA food inflation

The BFAP team unpacks South Africa’s January food inflation figures and the associated driving factors and expectations.

South African year-on-year inflation on food and non-alcoholic beverages decreased by 1.3 percentage points from 8.5% in December 2023, to 7.2% in January 2024.

In January 2024, a reference household had to spend R3 737 on the Thrifty Healthy Food Basket, R337 per month more for a basic healthy food basket than a year ago.

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