Stats SA said that annual food inflation had dropped to its lowest in almost four years.
After stalling at 4.7% in April and May, the annual rate for food and non-alcoholic beverages edged lower to 4.6% in June.
Stats SA released the latest inflation data on Wednesday.
Chief director for price statistics, Patrick Kelly, said that cooler inflation for sugar, eggs, cheese, and milk helped to bring the rate down.
“The milk, eggs & cheese category has experienced six months of lower inflation. The rate for June was 7.3%, down from 14.5% in December 2023. Annual egg inflation recorded its seventh consecutive month of decline, cooling to 20.4%.”
But he said that hot beverages were among categories that steamed up.
“The monthly change was 2.2%, driven by sharp price increases for drinking chocolate, up 3.5%, black tea, up 2.7%, instant coffee, up 2.2%, and rooibos tea, rising by 1.6%. The annual rate for bread & cereals saw its first increase in 14 months, rising to 5.2% in June from 3.9% in May.”
-EWN
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