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Basic grocery basket up R100 since Feb - Massmart

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Cape Town - The price of a basic basket of 23 grocery items has risen by 13% since February this year, Massmart Holdings [JSE:MSM] said on Wednesday at the announcement of its first-half results to June 26 2016.

According to an analyst presentation, a food basket containing items such as cordial, coffee creamer, pilchards, maize, salt, toilet paper, sugar, soap, spaghetti and rice now costs R100 more since February – up R874 from R774.

Staples such as maize, sugar and peanut butter had among the highest increases.

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