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

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.