{"id":156659,"date":"2017-02-10T11:53:38","date_gmt":"2017-02-10T09:53:38","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=156659"},"modified":"2017-02-10T11:53:38","modified_gmt":"2017-02-10T09:53:38","slug":"south-african-food-prices-expected-to-drop-in-2017-economist","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/156659\/south-african-food-prices-expected-to-drop-in-2017-economist\/","title":{"rendered":"South African food prices expected to drop in 2017: economist"},"content":{"rendered":"<p>South African consumers can expect good news within the coming months as\u00a0food price inflation\u00a0is expected to decrease throughout the year says economist, Dawie Roodt.<\/p>\n<p>According to a report by <strong><a href=\"http:\/\/www.heraldlive.co.za\/business\/2017\/02\/10\/food-price-boost-economy\/\" target=\"_blank\">The Herald<\/a><\/strong>, Roodt attributed the food price decreases to\u00a0the recovery of the agricultural sector after last year\u2019s drought, which should account for a significant portion of his growth forecast for the year.<\/p>\n<p>Roodt noted that the news was not all good, however, stating that the country needed growth rates of between 4% and 5% &#8211; instead of the\u00a01.6% predicted by government &#8211; to become economically stable.<\/p>\n<p>The Pietermaritzburg Agency for Community Social Action (Pacsa) recently\u00a0released its food barometer for January 2017, showing how food prices in its nutritional basket have changed over the past 12 months.<\/p>\n<p>Year-on-year, the Pacsa food basket \u2013 which tracks a nutritionally complete set of products \u2013 increased by R295.91 (16.5%) from R1,797.04 in January 2016 to R2,092.95 in January 2017.<\/p>\n<p>Pacsa noted that children and the elderly in poor households are at particular risk, with\u00a0the current 2017 value of a Child Support Grant (R360 per month) and old-age pension (R1,510 per month) unable to keep up with food price inflation.<\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a href=\"https:\/\/businesstech.co.za\/news\/lifestyle\/155301\/food-prices-in-south-africa-2016-vs-2017\/\" target=\"_blank\">Food prices in South Africa: 2016 vs 2017<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South African consumers can expect good news within the coming months as food price inflation is expected to decrease throughout the year says economist, Dawie Roodt. <\/p>\n","protected":false},"author":10,"featured_media":156672,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,11768],"class_list":["post-156659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-herald"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/156659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=156659"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/156659\/revisions"}],"predecessor-version":[{"id":156746,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/156659\/revisions\/156746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/156672"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=156659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=156659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=156659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}