South African food inflation decelerated in June

South African food inflation in June decelerated to 4.6%, in year-on-year (y-o-y) terms, the Bureau for Food and Agricultural Policy (BFAP) has reported, in its latest 'BFAP Food Inflation Brief'. In month-on-month (m-o-m) terms, June food inflation increased marginally, by 0.5%. (The term “food inflation” includes non-alcoholic beverages [NAB].) In contrast, consumer price index (CPI) headline inflation in June was 5.1% in y-o-y terms, although only 0.1% in m-o-m terms. This was the fourth ...