WANDILE SIHLOBO: Consumer food price inflation to moderate over next few months
Meat, which also increased slightly in July, is likely to soften in the coming months
20 August 2021 - 11:35
Although the July 2021 consumer food price inflation of 7% year on year was unchanged from the previous month, there are clear signs in the underlying details that pressures are beginning to moderate.
We are seeing a similar trend in the global market, with the UN Food and Agriculture Organisation’s Global Food Price Index having slowed for the second consecutive month in July...
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