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ESSENTIAL FOOD PRICING: COMPETITION COMMISSION RELEASES LATEST MONITORING REPORT
- 13 September 2023
- Trade, Industry & Competition
- SA Legal Academy
‘Food inflation remains at nearly twice the inflation rate for all goods and services’, according to the Competition Commission’s media statement on its latest essential food pricing monitoring report.
Published on 13 September 2023, the report:
- explores ‘comparative trends in grocery retailer margins (across) global peers’
- provides evidence of the ‘rocket and feather effect’ on maize meal, cooking oil, bread and quick-frozen chicken piece prices, and
- includes ‘an in-depth overview of the beef value chain’.
The term ‘rocket and feather effect’ refers to a phenomenon in which prices rise quickly during inflationary periods and decline slowly when inflation subsides – potentially causing competition dysfunction, according to the statement.
Published by SA Legal Academy Policy Watch
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