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Meat prices still high following drought

Stats SA puts June's inflation rate at 5.1%, showing the rate at which prices are increasing is slowing down.

Picture: Supplied.

CAPE TOWN - The latest inflation data shows meat prices are still biting consumers' pockets following the drought.

Stats SA puts June's inflation rate at 5.1%, showing the rate at which prices are increasing is slowing down.

The Agricultural Business Chamber's Wandile Sihlobo says food inflation has remained unchanged at 6.9%.

But he says this high rate is due to meat products which are the only good in the food basket to not have had a decelerating rate in June compared to the previous month.

Sihlobo says it is due to the drought.

“We have a basket of all these food products, but meat still takes a big share of more than a third of the inflation basket.

"There are notable changes to the price of meat that really has the capacity to change the whole dynamic of the food products. The guys slaughtered a lot of cattle last year so that rebuilding up is what’s really keeping this.”