PRODUCER PRICES OF BEEF AND MUTTON DECREASE
Producer prices of lamb are currently 15,3 % lower than a year ago and stand at R68,86 (plus VAT) per kilogram for Class A lamb. Beef producer prices are 0,5 % lower at R45,97 (plus VAT) per kilogram for Class A beef.
This is extremely good news for consumers as lamb, mutton and beef prices have fallen over the period. This is in contrast to what has happened to food inflation over the past year. For example, bread and cereal prices rose by 8,6 %, fish by 7,5 % and fruits and vegetables by 4,3 %