Food and transport prices put pressure on customers

Johannesburg – Food and transport costs continue to put pressure on inflation.

The latest figures released by Stats SA show food inflation was at 6.6% in September, that above the headline inflation of 5%.

Pick n Pay, which lost R1.7 billion due to the recent looting and Covid-19 restrictions, says it has kept food price rises at bay.

212 stores, which is a tenth of the group’s base, were hit by the looting but Pick n Pay’s profit after tax rose 85% in the six months to August.

It says it will cut costs in the value change to keep prices low.

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