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Inflation rises for first time in months as food price hikes hit 13.6% | Business

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Big hikes in food prices contributed to a 7% increase in annual consumer inflation in February from 6.9% in January – the first increase in four months. | News24_Business

The consumer price index rose by 0.7% between January and February, the biggest monthly increase since July 2022, Statistics SA reported on Wednesday.In February, food and non-alcoholic beverages annual inflation hit 13.6% - the highest level since April 2009.

There were large monthly increases in the prices of baby milk formula , baby cereal , fruit juices and fizzy drinks in a can .

 

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_Business The problem in South Africa is there are supply monopolies from producers to supermarkets, Tiger Brands, Pioneer, Unilever, Checkers, Picknpay etc, so look at their net profit returns, then we know why the food is so expensive, not one of them are showing signs of recession?

_Business These 🤡🤡🤡🤡clowns live on another planet its way more than 30% to the man on the street.🤢🤢😵

_Business Crap. inflation has been crazy since covid.

_Business These figures are as believable as the Covid deaths! Utter bullshit

_Business kubi

_Business Y’all will still vote for ANC and blame the hikes in food prices on immigrants

_Business Manufactured inflation rate. Go talk your crap elsewhere.

_Business Hmmm🫥🤫

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