n recent essays, I expressed the view that consumer food inflation had the potential to moderate during the second half of the year. I believe the elements that will underpin this softening are grain-related products, vegetable oils, meat and fruit. But within the grains category, South Africa is exposed to imports, particularly of wheat and rice. Global grain prices have declined over the past few months with the exception of rice, which has
SA food inflation should moderate, regardless of higher global rice prices
May 12, 2023
3 minutes
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