Although food prices remained high in South Africa, inflation dropped to the lowest level in almost a year in April. Annual consumer inflation slowed to 6.8 percent last month, down from 7.1 percent in March. Still, on average, vegetables were 23.1 percent more expensive in April 2023 compared with April 2022.
Onions experienced a 52.8 percent hike in cost. Carrots, peppers and potatoes also pushed the rate up, although prices for meat, oils and transport dropped. Despite the overall drop, analysts expect South Africa's central bank to raise interest rates again this week.
Because South Africans are facing such high levels of food inflation, many have forced to reduce how much they spend on certain items.
Source: businesstech.co.za
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