Household Affordability Index

Year-on-year:  The average cost of the Household Food Basket increased by R333,07 (7,0%)

Year-on-year: The average cost of the Household Food Basket increased by R367,65 (7,8%), from R4688,81 in June 2022 to R5065,45 in June 2023.

Month-on-month: The average cost of the Household Food Basket increased by R47,64 (0,9%), from R5023,95 in April 2023 to R5071,59 in May 2023.

In March 2023: The average cost of the Household Food Basket is R4966,20.

In February 2023, the Child Support Grant of R480 is 28% below the Food Poverty Line of R663, and 44% below the average cost to feed a child a basic nutritious diet (R864,06).

This month we have included A Comment on the Eskom hike and National Minimum Wage which shows how the Eskom hike cuts government’s National Minimum Wage proposed offer in half.

In November 2022, food baskets decreased in Cape Town and Pietermaritzburg. Food baskets increased in Joburg, Durban, and Springbok.

The average cost of the Household Food Basket decreased by R18,03 (-0,4%), from R4805,86 in September 2022 to R4787,83 in October 2022.

For the past three months fuel prices and global food commodity prices have come down, yet we do not see a corresponding drop in food prices at the retail level.