Great news about food prices in South Africa

• South Africa's food price inflation declined to 0.9% in July 2026, the lowest point in over 16 years.
• The decline was mainly driven by strong grain harvests and heavy rains associated with La Niña, as well as vaccination efforts to combat foot-and-mouth disease and African swine fever.
• However, risks such as an El Niño drought forecast for 2027 and uncertainty surrounding the US-Iran war could lead to higher fuel costs and potentially increase food price inflation in the near future.