Prices for basic items are levelling off, with increases in some essentials, tracking reveals

Maverick Citizen has been tracking the prices of 14 basic items using R350, the amount of the Social Relief of Distress grant. This month the basket costs up to R13 more than the R350, an improvement from previous months where it cost close to R400. It is still unaffordable to a person who only receives the grant and has minimal protein and vegetables.

“The impact of load shedding on the economy and the food system is severe. Load shedding increases costs directly, and indirectly through higher rates of wastage and spoilage within food chains. Financial results from several food companies indicate that fuel expenses to run generators during load shedding are skyrocketing. These costs cannot be absorbed in the chain and are to a large extent passed on to consumers. In fact, we expect that load shedding will be a key factor that prevents South Africa from following the global trends of decreasing food price inflation during 2023,” the brief read.

This food inflation brief is a collaboration between the bureau and Dr Marlene Louw from Absa Agribusiness, based on Statistics South Africa CPI and food retail price data.



“Although the overall inflation rate in South Africa has decreased over the past six months, albeit rather modestly, food inflation remains sticky. This is a result of several supply shocks in various agricultural commodity and livestock markets around the globe. These shocks have, in turn, also filtered through to the local market,” it read.