JANNIE ROSSOUW|
CONCERNS about rising food prices are making the headlines across the world as pressures mount in the wake of Russia’s invasion of Ukraine. The war has driven up prices of commodities, including wheat, which is a staple food in many countries.
Food inflation has recently been attracting a lot of media attention in South Africa too as concerns grow about people’s ability to afford basic foodstuffs.
Food price inflation attracts considerable attention because we must all eat. And periods of high food inflation affect poor households the most. This is because they spend a higher percentage of their income on food.
When it comes to price rises of general products, households can simply refrain from buying non-essentials. But this isn’t true when it comes to food. The only choice for households is to substitute expensive food with cheaper alternatives or to buy less, and reduce the amount
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