You are now paying a lot more for food in South Africa

[BusinessTech]

You are now paying a lot more for food in South Africa

A report in the Sunday Times reveals how much more South Africans are now paying for food from leading retailers, from two years ago.

 

[Hemi300c]

Viva anc Viva.

 

[Jola]

Food prices have gone through the roof, you just have to visit any food store to see that.

 

[Stokstert]

The economists are the real cost drivers. Each one of them make predictions daily and the retailers take it as a given to increase prices artificially as the public is already conditioned to accept them.

 

[Jola]

The economists are the real cost drivers. Each one of them make predictions daily and the retailers take it as a given to increase prices artificially as the public is already conditioned to accept them.

It's not quite that simple, ZAR exchange rate, petrol prices, drought, salaries and wages, fertiliser prices for farmers, etc, all conspire to push prices up.

Lots of it due to mismanagement by the ANC.

 

[HavocXphere]

The economists are the real cost drivers.

And the weatherman is to blame for the hail.

Yeah expectations matter but between the drought and tanking ZAR there are definitely more tangible cost drivers at play

 

[NarrowBandFtw]

Would love to see a world someday where the official StatsSA inflation figures match what we feel in reality. The fact is anyone who get's inflation based increases is becoming poorer all the time as real price increases are much higher.

 

[HavocXphere]

Would love to see a world someday where the official StatsSA inflation figures match what we feel in reality. The fact is anyone who get's inflation based increases is becoming poorer all the time as real price increases are much higher.

Nothing wrong with the stats. They just aren't designed to measure middle class lifestyle - they factor in cooking oil but not iphones.

 

[AstroTurf]

Potatoes.

Go to spar, R96 for 7kg.
Go to a little grocer on the way to the spar, R30 for 10kg.
Confront spar with this, they say inferior quality potatoes.

Take the manager to the car, show him the potatoes
Go to spar a week later, R46 for 10kg.

 

[twaatie]

Our spar has this veggie and salad pack at R50 each, enough for my family for the week

 

[backstreetboy]

No $@%$#% sherlock. You don't say.

 

[WaxLyrical]

We're getting ripped off royally with the price of potatoes.
There has to be some collusion happening.

 

[akescpt]

theylaughing all the way to their fat bonuses. there is no way to justify increasing stuff month on month. that's whats happening currently.

 

[Lupus]

We're getting ripped off royally with the price of potatoes.
There has to be some collusion happening.

Though I've seen the price come down quite a lot in the last few months. From almost R100 for a 7kg bag down to about R44 in some shops now. In fact I kicked myself when I paid R59 for a bag of 7kg when my local spar had them for R44.

 

[akescpt]

Though I've seen the price come down quite a lot in the last few months. From almost R100 for a 7kg bag down to about R44 in some shops now. In fact I kicked myself when I paid R59 for a bag of 7kg when my local spar had them for R44.

And somehow they seemed to decrease round about the same time as well. No funny business though, just the drought has ended. Right?

 

[Lupus]

And somehow they seemed to decrease round about the same time as well. No funny business though, just the drought has ended. Right?

Yup strange that

 

[Mike Hoxbig]

Standard Bank said in May that food price inflation is expected to hit an average of 10.2% in 2016, peaking at 12% – however, economists are more pessimistic, expecting food inflation to peak at 16.%%

That's 16 point percent percent folks. You know you're in the kuck when you have an extra percent added on...