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According to South Africa's independent media website on December 21, South Africa's National Agricultural Marketing Council (NAMC) economist Sapo Nkugana said that South African food prices are likely to continue to be volatile
at least in the first quarter of next year.
Consumer inflation in South Africa fell to 7.
4% in November, but remains at extremely high levels, with food, electricity and fuel inflation at 12.
8%, 8.
3% and 25.
3%
respectively.
Drought in major food producing regions around the world, long-standing supply chain bottlenecks, high transportation costs, and the ongoing conflict in Ukraine have led to higher food prices
.
Although some of these conditions have improved, the food supply remains "cloudy"
.
In addition, power shedding will remain a long-standing problem, hindering
South Africa's agricultural sector and overall economic development.
at least in the first quarter of next year.
Consumer inflation in South Africa fell to 7.
4% in November, but remains at extremely high levels, with food, electricity and fuel inflation at 12.
8%, 8.
3% and 25.
3%
respectively.
Drought in major food producing regions around the world, long-standing supply chain bottlenecks, high transportation costs, and the ongoing conflict in Ukraine have led to higher food prices
.
Although some of these conditions have improved, the food supply remains "cloudy"
.
In addition, power shedding will remain a long-standing problem, hindering
South Africa's agricultural sector and overall economic development.
