South African food and non-alcoholic beverage (NAB) inflation surged 1.8% in month-on-month (m-o-m) terms in August, the Bureau for Food and Agricultural Policy (BFAP) has reported in its latest “Food Inflation Brief”. This is the highest m-o-m increase since April 2016, or in more than six years. In year-on-year terms, food and NAB inflation jumped 11.3% in August, and contributed 1.9 percentage points to the consumer price index headline inflation figure that month of 7.6%. As usual, the ...
