Beverage prices rise highest within food basket
Staff Writer | Wednesday July 25, 2018 15:25
According to the latest consumer price index figures, tea, coffee and cocoa prices by June, had risen by 6.1% from their levels last June, while milk, milk products and cheese prices had climbed 2.3% over the same period.
Mmegi has learnt that prices of soft drinks, mineral water and fruit juices had risen by 1.4% in the year to June, while alcoholic beverage prices had climbed 0.3% over the same period, the low figure attributable to the non-adjustment of the alcohol levy.
On the other end of the scale, the average prices of bread and cereals fell 6.4% in the year to June 2018, on the back of supportive flour prices and a regional wheat surplus.
Prices in this sector have been helped by a cumulative three percent reduction of the wheat levy, which has reduced the prices of imported wheat flour, while also restraining the prices offered by local millers.