WANDILE SIHLOBO: Government has to consider global factors in food security plan
It is vital for the ministerial cluster on prices to understand the key drivers of prices
The government voiced concerns this week about higher food prices and instructed the cabinet’s economic cluster to implement a food security plan to cushion consumers. We are yet to see the government’s strategy and approach, but it is worth highlighting that SA’s consumer food price inflation has already started to decelerate from the high of 14.4% in March.
In July it was at 10%, from 11.1% the previous month. The product prices underpinning this deceleration in recent months are primarily bread and cereals, meat, fish, and oils and fats, which are crucial for low-income households. ..
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