The August 2022 Household Affordability Index, which tracks food costs knowledge from forty 4 supermarkets and thirty butcheries within the nation has proven that in August the average price of the Household Food Basket elevated by R26,72 (0.6%) from R4 748,87 to R4 775,59.
This was revealed by the Pietermaritzburg Economic Justice and Dignity (PMBJED),The food costs are tracked from supermarkets and butcheries in Johannesburg, Durban, Cape Town, Pietermaritzburg and Springbok within the Northern Cape.
KEY DATA FROM AUGUST HOUSEHOLD AFFORDABILITY INDEX
According to the PMBJED, in August 2022 the average price of the Household Food Basket stood at R4 775,59.
- Month-on-month: The average price of the Household Food Basket elevated by R26,72 (0,6%), from R4 748,87 in July 2022 to R4 775,59 in August 2022.
- Year-on-year: The average price of the Household Food Basket elevated by R534,47 (12,6%), from R4 241,11 in August 2021 to R4 775,59 in August 2022.
Notably, the year-on-year knowledge reveals a moderation compared to months coming earlier than August 2021, as a result of the July 2021 unrest brought about food costs to spike unprecedented thereafter in Durban, Pietermaritzburg and Joburg.
Month-on-month knowledge can also be reportedly displaying a decreasing of inflation on the overall basket worth for the second consecutive month.
“We are seeing inflation on fewer foods within the basket compared to previous months, namely; August saw 21/44 food increases in price – this is notably lower than previous months: July 31/44, June 29/44, May 28/44, and April 35/44.”
PMBJED
The group mentioned that it wants to be cautioned that while the month-to-month worth will increase do seem to be decreasing, the household basket remains to be growing, albeit at a slower tempo. We are usually not but seeing any important climb down in costs which might deliver down the overall price of the household food basket in a considerable means and alleviate pressures on households.
“With no climb down yet in sight and with the higher taxi fares now effected and, for many prepaid users, high tariff increases – well beyond the regulated 7,47% – women are struggling.
“Progress in addressing the jobs crisis is too slow and wages for those who do have a job, and for people who are able to access some form of social grant, are still far too low, and are being decimated by higher costs of transport, electricity, and food.”
PMBJED
FOOD BASKET PRICES IN DIFFERENT CITIES
Data from the PMBJED additionally reveals that food baskets elevated in Joburg, Springbok and Pietermaritzburg, and decreased in Durban and Cape Town.
- The Joburg basket elevated by R117,02 (2,5%) month-on-month, and elevated by R557,37 (12,9%) year-on-year, to R4 888,50 in August 2022. 26/44 meals within the Joburg basket elevated in worth.
- The Durban basket decreased by R44,11 (-0.9%) month-on-month, and elevated by R519,27 (12,1%) year-on-year, to R4 807,78 in August 2022. 19/44 meals within the Durban basket elevated in worth.
- The Cape Town basket decreased by R23,63 (-0,5%) month-on-month, and elevated by R543,90 (13,3%) year-on-year, to R4 624,63 in August 2022. 17/44 meals within the Cape Town basket elevated in worth.
- The Springbok basket elevated by R13,18 (0,3%) month-on-month, and elevated by R367,49 (8,1%) year-on-year, to R4 932,31 in August 2022. 16/44 meals within the Springbok basket elevated in worth.
- The Pietermaritzburg basket elevated by R105,40 (2,3%) month-on-month, and elevated by R577,34 (14,1%) year-on-year, to R4 670,34 in August 2022. 25/44 meals within the Pietermaritzburg basket elevated in worth.
- Maize meal costs continue to climb throughout all areas. Flour costs additionally elevated in all areas besides Durban. Cooking oil continued to improve in Joburg, this month by an additional R7,08 or 3% taking a 5L bottle to R246,91. Cape Town additionally noticed a rise. Joburg and Pietermaritzburg noticed very excessive will increase on bread (4% white bread and eight% brown bread, and in Pietermaritzburg 9% white bread and 11% brown bread).
- Joburg noticed excessive will increase throughout most meats tracked, with beef growing by 7%. Frozen rooster costs elevated all over the place besides Springbok. Tomatoes, butternut, and inexperienced pepper costs drove increased costs in greens, throughout most areas.
Household home and private hygiene merchandise
The August 2022 Household Domestic & Personal Hygiene Index reveals a rise of R23,84 (2,7%) month-on-month.
Year-on-year the household home and private hygiene merchandise index elevated by R152,35 (20,4%) bringing the overall average price of fundamental household home and private hygiene merchandise to R900,45 in August 2022.
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