Food and vegetable oil prices soar as consumers switch to private labels
12 May 2022 - 18:43
Consumers are paying on average 28% more for a litre of vegetable oil since the war started in Ukraine, according to data from market research and global consulting company NielsenIQ which reveals how the war is causing severe food inflation.
The monthly retail report by Nielsen IQ is based on sales data from 10,000 stores of the main retailers Woolworths Spar, Pick n Pay and Checkers — as well as 143,000 independent stores and spaza shops — and measures more than 80% of grocery sales in SA. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.