The latest Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group shows that food prices increased in March 2022 – while Russia’s war in Ukraine will likely worsen matters for consumers in the coming months.
This creates a scenario where the amount coming in, does not match the rising costs of basic living, pushing the poorest further into poverty. “The surge in the brent crude oil price – which is an input in everything from the farm to the plate – including the higher costs of wheat, sunflower oil and other foods and agricultural inputs which South Africa imports, will drive prices upwards as the conflict in Ukraine continues,” the PMBEJD said.
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