Food and non-alcoholic beverages inflation decelerated to 3.5% in March 2018, from 3.9% in the previous month. This is the lowest levels since December 2013 - thanks to last season’s robust crop output, as well as deceleration in meat price inflation.
After a notable increase in fuel prices earlier this month, June 2018 could bring further uptick in fuel prices to an all-time high. This is due to higher Brent crude oil price, coupled with the relatively weaker Rand against the US Dollar.
Food and non-alcoholic beverages inflation marginally ticked up to 3.9% in April 2018, from 3.5% in the previous month. The uptick was largely on the non-alcoholic beverages, particularly soft drinks, on the back of the introduction of the sugar tax in April 2018.