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Category: Prices and inflation
Date: 21 August 2019
Date: 21 August 2019
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We take a look at data supplied by Statistics South Africa and focus on the average price per kilogram of Polony per province. Polony hit the news early in 2018 with the outbreak of the listeriosis crisis in South Africa. It is a popular ingredient in a very popular food in South Africa known as a Spatlo or Kota.
Note all data from Statistics South Africa |
Imaged obtained from LadyLebz
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Polony prices pre and post listeriosis outbreak in South Africa
The line chart below shows the average price per kilogram of polony per month per province from 2017. Note no prices per kilogram were available for Limpopo. Guess they dont eat a lot of polony in this province.
From the chart one can see the decline in the average price per kilogram of polony as the listeriosis crises hit South Africa, but polony prices have been rebounding from those levels and is tending higher from the levels seen during the listeriosis outbreak.
The summary below shows the average price per kilogram of polony per province, sorted from lowest to highest:
Looking at average prices is always interesting but what about the inflation rate of the average prices over the last year? By how much has the average price of a a kilogram of polony increased or decreased over the course of the last 12 months? The summary below shows the inflation rate for the average price per kilogram of polony over the last year, sorted from lowest inflation rate to highest.
The summary below shows the average price per kilogram of polony per province, sorted from lowest to highest:
- Northern Cape: R28.74
- KwaZulu-Natal: R30.86
- Eastern Cape: R31.43
- Gauteng: R32.83
- North West: R33.13
- Mpumalanga: R33.49
- Free State: R35.70
- Western Cape: R36.32
Looking at average prices is always interesting but what about the inflation rate of the average prices over the last year? By how much has the average price of a a kilogram of polony increased or decreased over the course of the last 12 months? The summary below shows the inflation rate for the average price per kilogram of polony over the last year, sorted from lowest inflation rate to highest.
- KwaZulu-Natal: -0.93%
- Northern Cape: -0.45%
- Eastern Cape: 5.54%
- Gauteng: 9.25%
- Free State: 10.12%
- Mpumalanga: 13.49%
- Western Cape: 13.54%
- North West: 14.28%
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KwaZulu-Natal and the Northern Cape saw a decline of -0.93% and -0.45% respectively in the average price per kilogram of polony over the last 12 months while the Western Cape and North West saw strong price increases of 13.54% and 14.28% respectively over the last 12 months. The same items saw totally different inflation rates in the last 12 months across various provinces. The pricing behaviour of products and how retailers set these prices still facinates us and we would love to know the reasons behind why the average price per kilogram of polony would increase by over 14% in one province yet decline by 1% in another over the course of a year.