13/09/2023
The Competition Commission says that South African consumers are paying higher prices for certain foods, even though inflation and producer costs have come down significantly. Meanwhile, retailers continue to grow their profits.
This is one of the key findings in the commission’s latest Essential Food Pricing Monitoring (EFPM) Report.
The Competition Commission says retailers in South Africa are very quick to hike food prices amid high inflation, but are slow to cut prices when inflation drops.