SA’s largest grocers try to shield consumers from rising food prices.
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South Africa’s major JSE-listed food retailers are continuing to play a part in trying to shield already compromised consumers from spiking food costs by keeping internal food inflation levels low.
Shoprite Group, Pick n Pay and Woolworths, in trading updates released on Tuesday, reported maintaining internal selling price movements below the recorded consumer price index (CPI) food inflation rate, which came in at 8.6% for June.
For Pick n Pay, internal selling price inflation for the 18-week period ended 3 July was maintained at 5% in its South African operations.
Shoprite Group, Pick n Pay and Woolworths, in trading updates released on Tuesday, reported maintaining internal selling price movements below the recorded consumer price index (CPI) food inflation rate, which came in at 8.6% for June.
For Pick n Pay, internal selling price inflation for the 18-week period ended 3 July was maintained at 5% in its South African operations.
