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By Editorial staff

Journalist


Despair looms as food prices soar

As the looting and riots proved in July, despair and fury can quickly turn into anarchy.


It is shocking to realise that the price of the average household food basket increased by 2.3% in the past month – from R4 219.48 to R4 317.56 – and by more than R400 (or 10.2%) from a year ago. This shows, clearly, that national inflation is increasing. ALSO READ: R20 a litre for petrol ‘is now a reality’ Officially, it is still under 5% but, as the food basket figures – prepared by the Pietermaritzburg Economic Justice and Dignity Group – show, the experience of ordinary South Africans is a world away from the statistics. As if that is…

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It is shocking to realise that the price of the average household food basket increased by 2.3% in the past month – from R4 219.48 to R4 317.56 – and by more than R400 (or 10.2%) from a year ago.

This shows, clearly, that national inflation is increasing.

ALSO READ: R20 a litre for petrol ‘is now a reality’

Officially, it is still under 5% but, as the food basket figures – prepared by the Pietermaritzburg Economic Justice and Dignity Group – show, the experience of ordinary South Africans is a world away from the statistics.

As if that is not enough, there was a massive increase in fuel prices from midnight last night, which will take the cost of fuel to an unprecedented R20 a litre for some formulations.

Inevitably, that will turbocharge the inflationary cycle… and the little guys in the middle will get squeezed even more.

It is at a time like this – when unemployment is soaring and hunger is spreading – that the theft of billions of taxpayer money assumes an even more ominous position.

ALSO READ: Tough times are getting tougher, as food prices continue to skyrocket

That money could have been used to pay for social support programmes – programmes which stabilise communities.

Hungry people are angry people. And as the looting and riots proved in July, despair and fury can quickly turn into anarchy.

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economy Editorials food prices fuel price hike

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