DStv Channel 403 Sunday, 24 November 2024

Rising diesel prices may affect food prices

 

JOHANNESBURG - Rising fuel prices will ultimately impact on our food prices as food producers and the freight industry battle with high diesel prices.

 

READ: Cost of Living | Basic food prices on the rise

 

The price of diesel has gone up by between 71 and 72 cents.

South Africa's food prices were up 14.4-percent year-on-year in March this year, the highest rate of food inflation since March 2009.

While food inflation has since eased to 12-percent, this is still well above target.

The agribusiness supply and value chains have absorbed higher input costs as a result, coupled with the energy crisis and infrastructure issues.

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