Food Inflation | South Africans can expect a drop in food prices

Thursday 01 February 2024 - 21:00pm

Decline in food inflation has begun around the world_1

0 seconds of 2 minutes, 6 secondsVolume 90%

00:00

02:06

02:06

JOHANNESBURG - Some good news for cash-strapped South Africans.

Economists are expecting lower food inflation throughout the year.

This due to a drop in global food prices that began last month.

READ: UN warns food prices may rise further

Globally, wheat, maize, and soybean prices are down.

For more on this, eNCA spoke to Investec Chief Economist, Annabel Bishop,

and the coordinator of the Pietermaritzburg Economic Justice and Dignity Group, Mervyn Abrahams

Decline in food inflation has begun around the world_2

0 seconds of 2 minutes, 0Volume 90%

00:00

02:00

02:00

Decline in food inflation has begun around the world_3

0 seconds of 2 minutes, 7 secondsVolume 90%

00:00

02:07

02:07

Decline in food inflation has begun around the world_4

0 seconds of 1 minute, 58 secondsVolume 90%

00:00

01:58

01:58

Decline in food inflation has begun around the world_5

0 seconds of 2 minutes, 5 secondsVolume 90%

00:00

02:05

02:05

Decline in food inflation has begun around the world_6

0 seconds of 2 minutes, 9 secondsVolume 90%

00:00

02:09

02:09

Decline in food inflation has begun around the world_7

0 seconds of 2 minutes, 26 secondsVolume 90%

00:00

02:26

02:26

You May Also Like