Food prices up again in August.
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.
A call to support the introduction of a Basic Income Grant for workers to invest in a livelihood, create work, and generate greater demand to kick-start a new economic trajectory.
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.
The report is based on food price data in Pietermaritzburg (with comparisons between pre-lockdown March 2020 and May 2020) and conversations with women in queues and in supermarkets.