Food price inflation in South Africa was 14,4% up year-on-year (y/y) in March 2023, the highest level in 14years. Vegetables showed the steepest increase of 20,5% y/y. Slower increases in non-food prices resulted in an overall inflation rate of 7,1% y/y.
According to the National Agricultural Marketing Council's (NAMC's) April food basket price report, the price of its 28-product basket increased by 10,1%