Research body highlights surge in food inflation last month

Last month saw higher food inflation than expected, the Bureau for Food and Agricultural Policy (BFAP) has reported. South African food inflation came to 6.9% in August (in year-on-year terms), continuing a rising trend that started in February. Last month’s food inflation was 0.2% higher than that for July. And food inflation contributed 1.2 percentage points to August consumer price index headline inflation. The figure of 6.9% was the highest recorded since 2017. The price of the BFAP ...