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The month of August presented the first full month since the hard lockdown in which the foodservice industry in South Africa was operational.
This month also allowed for the restrictions on interprovincial travel to be lifted, which, in turn, provided the opportunity for local tourism to increase. This is expected to have provided price support for food in terms of stronger demand, albeit marginally.
Cost pressures prevalent related to the virus and exchange rate depreciation during quarter 2 also seems to have levelled out in food inflation figures for August.