Data from the Household Affordability Index of the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows a continuation of food price increases in July.
The index showed that the average cost of its Household Food Basket increased by 1.3% – or R60.06 – until R4.748 in July 2022. Year-over-year the average cost of the Household Food Basket increased by R611.44 (14.8%), from R4.137 in July 2021.
The increase of 14.8% is well above headline inflation (CPI) recorded in July at 7.4% and well ahead of reported food inflation at 8.6%.
Zero-rated foods in the household food basket increased by R58.75 – or 24% – to R2.502 month over month, and R398.85 (19%) to R2 502.59 year over year.
The group also released its Household Domestic & Personal Hygiene Index for July 2022, showing how these items have risen since the start of the year.
“Household and personal hygiene products are critical expenditures for safe hygiene and general health and well-being. The money needed to secure household and personal hygiene products comes from the food budget. These products compete viciously in the food budget,” it said.
Month-on-month, the cost of the basket of household products for household and personal hygiene increased by R36.86 – or 4.4% of R839.75 in June 2022 to R876.61 in July 2022.
Year on year, the cost of the basket of household and personal hygiene products increased by R151.89 – or 21% – from R724.72 in July 2021 to R876.61 in July 2022.
Read: Huge food price hikes in South Africa – you pay more for this