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Veggies price movements since December 2016
Date: 23 Aug 2018 Category: Economics |
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We take a look at the latest price data published by Statistics South Africa and compare the price movements of various types of veggies sold in South Africa, and find that the price of cauliflower increased by more than any other type of veggies in South Africa since January 2017.
What is interesting to note is the fact that of all the veggies tracked, only pumpkin showed a price decrease since December 2016. |
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So cauliflower prices increase faster than other veggies?
The line chart below shows the index levels from January 2017. The index levels of all the various types of veggieswas set to 100 in December 2016. Essentially any value above 100 shows the price of a specific type of alcohol declined compared to December 2016, and index levels above 100 shows the price increased compared to December 2016. So for cauliflower for example in July 2018 the index level is 143.5
What that means is that since December 2016, the price of cauliflower has increased by 43.5%
What that means is that since December 2016, the price of cauliflower has increased by 43.5%
The vegetable type that showed the highest price increase since December 2016 is cauliflower, which has increased by 43.5% since December 2016. That is a pretty strong price especially considering the slowing down in food inflation in recent months. Below a summary of the main vegetable types price increases since December 2016:
Out of every R100 spent by South African consumers, they only spend R0.31 (jip 31c on the above vegetables). The summary below shows the average amount spent on each of the above veggies for every R100 spent by South African consumers:
- Cauliflower: 43.5%
- Cabbage: 13.8%
- Broccoli: 13.5%
- Tomatoes: 6.8%
- Spinach/morogo: 4.0%
- Pumpkin: -18.7%
Out of every R100 spent by South African consumers, they only spend R0.31 (jip 31c on the above vegetables). The summary below shows the average amount spent on each of the above veggies for every R100 spent by South African consumers:
- Tomatoes: 0.17
- Cabbage: 0.05
- Pumpkin: 0.04
- Spinach/morogo: 0.03
- Cauliflower: 0.01
- Broccoli: 0.01