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.
