News

Food Price Hikes Will Cause Family of 4 To Pay R3K For Groceries. BFAP Study Reveals…

With the dropping value of the rand, food prices are expected to increase yet again. The rand is currently sitting at R14.37 to the dollar, but this number has been fluctuating. Just yesterday, the conversion rate was R15.30 to the dollar. Experts have expected the value of the rand to be quite unstable in coming months. For this reason, everything will be getting more expensive for South Africans- including food.

A study done by the Bureau for Food and Agricultural Policy (BFAP) proved that a family of four will pay R3K in groceries in the coming months for only 29 of the most inexpensive food items. Marlene Louw, a BFAP food specialist, explained: “Our thrifty basket comprises of 29 food items which include things like maize meal, brown bread, beef mince and chicken pieces. If you are a family of four, you will be paying more than R2,750 for that food basket.”

The increasing cost of groceries is yet another example of how the cost of living in South Africa is rising much quicker than salaries. The food price hikes were originally predicted at the beginning of last month and are coming to fruition now. One thing is for sure, the expensive cost of a food basket in South Africa will be a burden to many families.

 

By: Mikayla Tetreault, Staff Writer