South African food inflation continued to decrease in July, but still far above CPI inflation

The Bureau for Food and Agricultural Policy (BFAP) has, in its latest 'Food Inflation Brief', highlighted that South Africa’s food and non-alcoholic beverage (NAB) inflation – hereafter to be referred to simply as food inflation – continued to decelerate in July. However, it also remained far above the rate of consumer price index (CPI) headline inflation. Year-on-year (y-o-y), food inflation in July was 9.9%, which was 1.1 percentage points below June’s y-o-y figure of 11%. However, the CPI ...