Food price inflation is at 11.3%. What’s driving this (and how high can it go)?

The inflation rate declined to 6.2% in April from 6.3% in March.

However, food prices skyrocketed by 11.3%.

The Money Show’s Bruce Whitfield interviewed Professor Johann Willemse, Agriculture Economist at the University of the Free State.

Willemse discussed the following:

  • Is this the result of a perfect storm of a weak rand and a severe drought?

  • What is lying ahead for food prices?

  • Which types of food are driving this?

Scroll down for quotes from the audio below.

We’re heading into winter. The supply of fruits and vegetables will not increase until early 2017.

Professor Johann Willemse

We’re looking at food inflation at 15% by the end of the year.

Professor Johann Willemse

Wheat makes up about 20% of a bread’s cost. There are substantial extra costs.

Professor Johann Willemse

We’re looking forward to a better season.

Professor Johann Willemse

2017 will, hopefully, be a better year.

Professor Johann Willemse

About 1 out of 4 South Africans can’t afford sufficient food. It’s not a good place to be as a country. It adds to social instability.

Professor Johann Willemse

Why can’t government subsidise some basic foods for poor people? Why don’t they look at food stamps like some other countries?

Professor Johann Willemse

The people at the top don’t realise the pressure that poorer people are under.

Professor Johann Willemse

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How the 'creative economy' mines ideas, and turns them into money

How the 'creative economy' mines ideas, and turns them into money

Bruce Whitfield interviews The Loerie Awards CEO Andrew Human about the science of creativity and the creative economy.

ANN7, New Age rebrand… The customer is no fool, warns ad expert Andy Rice

ANN7, New Age rebrand… The customer is no fool, warns ad expert Andy Rice

No amount of name changing, or logo redesign, will have any effect if the underlying product remains defective, warns Rice.

Audit firm Nkonki blames media for biting the dust after losing Govt contracts

Audit firm Nkonki blames media for biting the dust after losing Govt contracts

The Money Show's Bruce Whitfield interviews Nkonki's Thuto Masasa, Willem Oberholzer and Dr Steven Firer.

You are dying – quite literally – for a paycheque

You are dying – quite literally – for a paycheque

Ian Mann on “Dying for a Paycheck: How Modern Management Harms Employee Health and Company Performance..." by Jeffrey Pfeffer.

I still drive a 2000 Camry. I don’t like debt - Chris Schutte (Astral Foods CEO)

I still drive a 2000 Camry. I don’t like debt - Chris Schutte (Astral Foods CEO)

The Money Show’s Bruce Whitfield interviews Schutte about his attitude to money (hopes and fears, successes and failures, etc.).

Get the best bits of ‘The Money Show’ emailed to you daily, right after it ends

Get the best bits of ‘The Money Show’ emailed to you daily, right after it ends

Do you enjoy listening to Bruce Whitfield’s The Money Show, but miss it sometimes?

Popular articles
[WATCH] Grootes's take on why EFF silent on Dlamini's SABC interview

[WATCH] Grootes's take on why EFF silent on Dlamini's SABC interview

702 Afternoon Drive host Stephen Grootes's comment involves past dealings that involve EFF national chair, Advocate Dali Mpofu.

This is how much you should be paying your domestic worker

This is how much you should be paying your domestic worker

Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...