Chrismas hikes kick in

2010-12-11 00:00

ALTHOUGH the pressure on consumers’ grocery baskets eased further between October 2009 and October 2010, the usual festive season price hikes have kicked in.

This is according to the latest Food Price Monitor compiled by National Agricultural Marketing Council (NAMC).

Senior manager of the NAMC’s Market and Economic Research Centre, Dr André Jooste, said food and meat prices in particular have marched mildly upward as a result of the festive season rush.

The monitor revealed the cost of a basic food basket decreased by about 2,3% during the 12 month period.

On average, the poorest 30% of the population spend about 32,4% of their average monthly income on food, compared with 33,2% in October 2009.

In contrast, the wealthiest 30% of the population spend a mere 2,6% of their average monthly income on food.

Although price pressures have eased somewhat, a number of products sold in urban areas recorded price increases above the six percent mark.

These include black tea (8,5%), lamb (10,26 %), cabbage (6,6%), pumpkin (14,36 %), apples (15,9%), cauliflower (18,37 %) and carrots (34,77%).

Overall, the price of meat products declined by 0,5% year-on-year, while the price of breads and cereals declined by 8,8%.

The price of vegetables decreased by 5,4% and the price of fruit and coffee/tea increased by 1,9% and 0,9% respectively.

The strong rand has shielded consumers from the impact of increases in world commodity prices.

White bread: R8,00 (2010); R7,88 (2009)

2,5 kg cake flour R16,94; R17,04

5 kg maize meal R15,54; R16,90

750 ml sunflower oil R13,44; R12,81

500 g margarine R12,70; R13,10

420 g baked beans R8,02; R7,95

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