Research: Food Prices Outstrip Income Increases
BankservAfrica report that the average income increase for most South Africans (compared to 12 months ago) has been about 1.5 %. At the same time, Stats SA reports that items like tea, fruit and veggies have shot up by 15% or more.
Items like Coca Cola and Margarine have shot up 31.8% and 21.2% respectively. Thanks Sugar Tax. Fruit and Veg also shot up by 20% over the year before showing that many items are now much more than 15% more expensive.
‘Fruit and Veg also shot up by 20% over the year before’
A recent study which compared prices of 12 common items between Woolworths, Pick n Pay, Spar and Checkers showed that of the 4 brands it was Spar which had the smallest average increase across the usual items compared each year. Of the 4 brands, it was still shown to be cheapest shopping at Checkers even though their prices have increased somewhat compared to last year.