The cost of the PMBEJD Household Food Basket increased sharply between March and April and continued its upward trend, albeit at a slower rate until June. July saw a drop in the cost of the basket. It appeared, on the trends in our data, that food prices were stabilising but August is again showing an increase.
The prices of foods on supermarket shelves whilst still increasing seem to be stabilising albeit off a higher base. The PMBEJD Household Food Basket has increased by 8,2% (R265) between March 2020 and June 2020, and now costs R3 486.