by the Pietermaritzburg Economic Justice & Dignity group shows that food prices continued to soar at the mid-year point in South Africa.in June 2022. Month-on-month, the average cost of the basket increased by, from R4,128.33 in June 2021.
“Locally, the severe disruptions on our major transport routes, particularly between Gauteng and Durban have impacted food transportation – blockages, protests, bad road, accidents. Much higher commodity prices, production and logistical costs will continue to drive prices upwards and are likely to continue rising for the rest of 2022,” it said.
“Consumers will have to brace themselves for an average headline CPI of around 7% in the second half of 2022, which will further erode purchasing power. As such, more declines in average real salaries can be expected in coming months,” she said.
Consumers will have to brace themselves to cut the cloth according to their size. The reality of this bad situation is it'll unfortunately impact negatively more so on the poorest.
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