Bureau for Economic Research

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Food price escalation hits 14-year high amid more than 100 straight days of load-shedding

Food prices increased at the fastest pace in almost 14 years in January, when Eskom intensified rolling blackouts. Annual food and nonalcoholic beverage inflation quickened to 13.4% from 12.4% in December, Pretoria-based Stats SA said Wednesday in a statement on its website. That’s the highest rate since April 2009, it said. The increase in food prices came as the state power company imposed power cuts of as long as 12 […]

today16 February 2023

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