Today's Big Stories

More escalation in food prices expected until 2017

Consumers have been shocked lately, as food prices on basic goods such as meat and potatoes have skyrocketed. And it doesn't look like it's going to ease up until next year.

A sharp fall in the rand currency, and the worst drought in a century, have pushed food prices higher, taking the consumer price index up from January's annual rate of 6.2 percent.

South Africa's consumer inflation rate has also not helped the situation, as it accelerated by 0.8 percentage points to 7.0 percent in February - reportedly the highest in nearly seven years.

Stephen Grootes spoke to Grain SA Senior Economist, Wandile Sihlobo about what this means for consumers and food prices in future.

Listen to the conversation below


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