Cost of food in South Africa increased 5.70 percent in March of 2021 over the same month in the previous year. source: Statistics South Africa
Food Inflation in South Africa averaged 6.06 percent from 2009 until 2021, 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. This page provides the latest reported value for - South Africa Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Food Inflation - values, historical data and charts - was last updated on May of 2021.
Food Inflation in South Africa is expected to be 4.70 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 4.20 in 12 months time. In the long-term, the South Africa Food Inflation is projected to trend around 3.80 percent in 2022 and 3.70 percent in 2023, according to our econometric models.