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n Farmer’s Weekly - SA food still amongst cheapest : market analysis

Volume 2016, Issue 16003
  • ISSN : 0041-848X
USD

 

Abstract

Despite poor economic prospects, South Africa is among a small number of countries providing relatively cheap food to its citizens, according to the Big Mac index. A McDonald's Big Mac hamburger costs R28 in South Africa, while it costs 178% more in the US. The index is used to measure purchasing power parity between nations, using the price of a Big Mac as the benchmark. Even with projected increase in food inflation of more than 10%, South Africans will be better off.

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/content/farmweek/2016/16003/EJC183024
2016-01-01
2016-12-10

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