In 2023, the word to describe much of the spike in food prices would have been “heatflation”, as drought and high temperatures affected crop yields around the world, from olive oil in Spain to cabbage in South Korea. This year we are facing a different concept, still undeniably linked to the climate crisis. Let’s call … Read more
The food and beverages inflation is expected to remain above the 7 per cent mark in April 2024. CPI inflation in March 2024: Experts say stiffer cereals inflation, stubbornness in vegetable inflation and elevated pulses inflation remain a concern Even as the retail inflation or CPI inflation declined to a five-month low of 4.85 per … Read more
Supermarkets and small convenience stores will tape over barcodes with a yellow label when items are nearing their use-by date. While some reductions to food prices can make the products considerably cheaper than they would have been otherwise, it’s not always the case. Many shoppers have been lured in by what seems like great discounts … Read more
Egg prices are at near-historic highs in many parts of the world as the spring holidays approach, reflecting a market scrambled by disease, high demand and growing costs for farmers. It’s the second year in a row consumers have faced sticker shock ahead of Easter and Passover, both occasions in which eggs play prominent roles. … Read more
With food prices soaring at their highest rate in nearly four decades, now’s the perfect time to discover clever strategies for extending the freshness of your groceries, MoneyMagpie’s Vicky is here to share some of the tried and tested methods to keep food fresh for longer. Food waste poses a significant challenge for Britons, with … Read more
“That’s what the Reserve Bank of India [RBI] also keeps saying… that food inflation is spiking, sometimes in onions, sometimes in vegetables, sometimes in pulses.” | Photo Credit: K. Ragesh India’s headline inflation is expected to trend down creating more room for monetary and fiscal policy to focus on spurring growth rather than fret over … Read more
This moderate increase has confirmed the central bank’s prediction that struggling consumers may continue to get relief with food prices. According to Bloomberg’s Shisa Nyama Index, the average price increase for a shisa nyama/ backyard braai (barbecue) was 6.2% compared to the same month last year. This is the same as December but much lower … Read more
South Africans are facing a grim reality as the latest data from the Pietermaritzburg Economic Justice and Dignity group (PMBEJD) reveals a continuous surge in food prices. The household food basket for November 2023 climbed to a daunting R5 314.63. ALSO READ:Why are SA food prices going UP? FOOD PRICES SOAR, AFFECTING HOUSEHOLDS In a … Read more
