All posts tagged: Oakland Group

Food inflation fuelling rising inflation figures

Food inflation is the primary driver of higher inflation figures for April. Statistics South Africa recently announced that inflation was 4.4% for April, a 1.2% increase from March. Inflation on food and non-alcoholic beverages came in at 5.2% according to Statistics South Africa’s Consumer Price Index in February 2021 while the National Agricultural Marketing Council’s Food Price Monitor reveals that inflation on their basic urban food basket is 9.8%.