This report gives an overview of food inflation dynamics, its associated causes and the cost of basic healthy eating for July 2021.
Inflation on food and non-alcoholic beverages for July 2021 was recorded at 6.7% (similar to June 2021), with an increasing trend observed from February 2021.
Oils / fats (+22.4% year-on-year) and meat (+9.4%) exhibited the most significant inflation among food categories.
Main driving forces of food inflation included adverse climatic conditions, high global commodity prices, exchange rate weakening, animal disease outbreaks and rising input costs.
The cost of the BFAP Thrifty Healthy Food Basket amounted to R2 932 in July 2021 for the reference family of 2 adults and 2 children.
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