Meat lovers to feel pinch as rising inflation affects consumer prices - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

FNB says this is due to a combination of factors including tight supplies, reduced import of chicken amid higher prices, and resilient consumer demand despite consumers’ financial constraints.

A senior agricultural economist at FNB, Paul Makube says, “Food, however, remained sticky on the upside. After steadying in October, the food CPI rebounded by 0.5% in November to 12.8% year-on-year and is still the highest level since April 2009 but still shows some deceleration of 0.5%. On the local market, meat CPI steadied but still reached the highest level in 14 months at 10.5% year-on-year.

But FNB expects some reprieve for consumers early in the New Year as lower seasonal demand after the festive and costs of electricity and transport still high will likely place downward pressure on meat prices.

Obviously import rates while we've our owe cows in South Africa

And I guess Russia is to blame? 🤦🏼‍♀️

Vegans doing cartwheels. 🤷🏽‍♂️

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Business confidence edges up in November | City PressBusiness confidence ticked up in November and was higher than the same period last year, according to the SA Chamber of Commerce and Industry. Well not anymore after De Ruyter’s resignation
مصدر: City_Press - 🏆 7. / 72 اقرأ أكثر »

JUST IN | Inflation cools slightly in November, but food prices continue to climb | BusinessConsumer price inflation cooled slightly in November to 7.4%, from 7.6% in October. But food prices continue to climb – reaching 12.5% in November from 12.0% in October.| News24_Business _Business Well we are Zimbabwe extension 1. What do you expect ? _Business Is this just a trap for us to spend more this month and then next month its gonna increase again, vela this country is a scam hey
مصدر: News24 - 🏆 4. / 80 اقرأ أكثر »