South Africa’s food inflation hits 16-year low

South African households are getting some relief from rising food costs, with food and non-alcoholic beverage inflation falling to its lowest level in more than 16 years in July. The annual rate dropped to 0.9%, its lowest reading since June 2010, when it stood at 0.7%, according to the latest Consumer Price Index data from Statistics South Africa. Overall consumer … Continue reading South Africa’s food inflation hits 16-year low