Cost of food in South Africa increased 3.50 percent in November of 2019 over the same month in the previous year. Food Inflation in South Africa averaged 6.23 percent from 2009 until 2019, reaching an all time high of 15.60 percent in February of 2009 and a record low of 0.60 percent in June of 2010. source: Statistics South Africa
Food Inflation in South Africa is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in South Africa to stand at 4.00 in 12 months time. In the long-term, the South Africa Food Inflation is projected to trend around 4.30 percent in 2020, according to our econometric models.