{"id":734939,"date":"2023-11-29T17:27:33","date_gmt":"2023-11-29T15:27:33","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=734939"},"modified":"2023-12-01T08:37:05","modified_gmt":"2023-12-01T06:37:05","slug":"9-foods-that-have-seen-massive-price-hikes-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/lifestyle\/734939\/9-foods-that-have-seen-massive-price-hikes-in-south-africa\/","title":{"rendered":"9 foods that have seen massive price hikes in South Africa"},"content":{"rendered":"\n

The latest food basket data from the Pietermaritzburg Economic Justice and Dignity group (PMBEJD) shows that food prices in South Africa continue to climb – with vegetables still showing double-digit hikes.<\/p>\n\n\n\n

According to the PMBEJD, its household food basket for November 2023 increased to R5,314.63.<\/p>\n\n\n\n

Month-on-month basked was up marginally by 0.3% – or R17.05 – while year on year, the increase in prices was much bigger, jumping R478.67 (9.9%) from R4,835.58 before.<\/p>\n\n\n\n

While measuring data a month later than Stats SA’s basket, the 9.9% increase is higher than the latest recorded CPI for food, which came in at 8.7% in October from 8.1% in September and 8.0% in August.<\/p>\n\n\n\n

The PMBEJD’s basket comprises 44 food items that most households in South Africa would purchase on a typical month. While this reflects a lower-income basket, this is what the majority of households would look at.<\/p>\n\n\n\n

Approximately 55% of South Africans live under the upper-bound poverty line of R1,558 per month, the group noted.<\/p>\n\n\n\n

Across the 44 food items tracked by the group, only three came down in price, year-on-year, and one item remained flat. The balance (40 items) went up.<\/p>\n\n\n\n

19 food items saw double-digit growth year-on-year, reflecting significant increases – and nine were over 20%:<\/p>\n\n\n\n