South Africa’s food and non-alcoholic beverage (NAB) – hereafter, for short, to be referred to as just food – inflation continued to decelerate in June, the Bureau for Food and Agricultural Policy (BFAP) has highlighted, in its latest “Food Inflation Brief”. But food inflation continued to run far above the level of consumer price index (CPI) headline inflation. In year-on-year (y-o-y) terms, food inflation in June was running at 11%, as against the equivalent CPI headline inflation rate of ...
