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September 2020 presented the month where South Africa moved to lockdown level 1, in the third week of the month. The most notable relaxation for the food industry, associated with this level, was the permission of social gatherings of up to 250 people.
Although the effect of this on September food prices was limited, this is expected to provide demand support as we are approaching the festive season. Month-on-month FNAB (food and non-alcoholic beverages) inflation for September amounted to 0.26% whilst year-on-year inflation remained consistent with inflation rates in August of 3.9%