Food and non alcoholic beverages inflation analysis for Jan 2025
Food and non alcoholic beverages key statistics
What is happening to Food and non alcoholic beverages prices? 📈
Speeding Up or Slowing Down?
Year-on-year Food and non alcoholic beverages inflation rate vs CPI headline
Highlights
What happened to Food and non alcoholic beverages prices over the last twelve months?
Food and non alcoholic beverages prices have increased by 2,3% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Food and non alcoholic beverages price inflation compare to headline CPI and other major sectors?
| Basket | 12m change | |
|---|---|---|
| 1 | Education | 6,4% |
| 2 | Personal care and miscellaneous services | 5,9% |
| 3 | Restaurants and accommodation services | 4,9% |
| 4 | Housing and utilities | 4,5% |
| 5 | Health | 4,4% |
| 6 | Alcoholic beverages and tobacco | 4,3% |
| 7 | CPI Headline | 3,2% |
| 8 | Food and non alcoholic beverages | 2,3% |
| 9 | Furnishings, household equipment and routine maintenance | 1,8% |
| 10 | Clothing and footwear | 1,5% |
| 11 | Recreation, sport and culture | 1,5% |
| 12 | Transport | -0,2% |
| 13 | Information and communication | -0,5% |
Food and non alcoholic beverages ranks 8 out of 13 major sectors, with a 2,3% price increase over the past 12 months. This is below the overall consumer price inflation rate of 3,2%, indicating that Food and non alcoholic beverages prices are rising slower than most other consumer goods and services.
Is Food and non alcoholic beverages price inflation accelerating or slowing down?
What was the inflation rate in Food and non alcoholic beverages in previous month?
Previous, year-on-year inflation in Food and non alcoholic beverages came in at 2,6% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 2,3%. That means, we have seen a cost deceleration compared to the previous 12 months.
How has the inflation rate in Food and non alcoholic beverages changed over the last two years?
If we look back over a longer period, we see that Food and non alcoholic beverages year-on-year inflation has been averaging 7,2% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 2,3%. That means, Food and non alcoholic beverages most recent year-on-year price inflation of 2,3% is below the average inflation rate of 6,4% over the past 2 years. The trend is down.
How does 2,3% in Food and non alcoholic beverages inflation compare historically? Has Food and non alcoholic beverages inflation been higher or lower historically?
How much did Food and non alcoholic beverages cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 977 | 2,3% |
| 2 years ago | 911 | 9,7% |
| 5 years ago | 722 | 38,5% |
| 10 years ago | 543 | 84,2% |
Costs relating to Food and non alcoholic beverages which cost R1,000 today would have cost you R977 one year ago, R911 two years ago, and R722 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Food and non alcoholic beverages prices.