Brace for double-digit inflation, Tiger Brands CEO warns
Prices of oat flour and maize bread could rise up to 20%, says Noel Doyle
25 May 2022 - 08:11
As companies grapple with a surge in commodities, energy, transport and labour costs, the CEO of SA’s largest food producer, Tiger Brands, has warned consumers to brace for double-digit inflation.
“We are going to face a very serious challenge over the next six months ... products like oats flour, maize bread, we [are] probably going to be looking at price increases of between 15% to 20%,” Noel Doyle told Business Day...
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