With Heritage Day or National Braai Day right around the corner, it is the perfect time to host a braai - especially since the cost thereof continues to fall, Cape {town} Etc reports.
According to Bloomberg's Shisa Nyama Index (also known as Barbecue or Braai Index), which serves as an early indicator of where food inflation may be going, the month-on-month cost of hosting a braai decreased by 0.8%. Compared to year-on-year (YoY), prices fell by 3.2% and continue to show a declining trend.
The index is compiled using the latest data from the Pietermaritzburg Equity Justice and Dignity (PMGEJD). It includes the prices of meat (beef, wors, and chicken portions), vegetables (spinach, carrots, tomatoes, potatoes, onions, green pepper) and other ingredients (including samp, maize, curry powder, and salt).
PMGEJD's data collectors track food prices of 47 supermarkets and 32 butcheries that target the low-income market across Johannesburg, Durban, Cape Town, Pietermaritzburg, Springbok and Mtubatuba.
The latest data aligns with Stats SA's latest consumer inflation numbers , BusinessTech reports, which revealed that the Food and Non-Alcoholic Beverages (Food NAB) segment experienced a slowed inflation trend since its previous high of 9.0% in November 2023.
