Food and Fuel prices set to decrease
According to the Bureau for Economic Research, households in South Africa may experience some relief in the upcoming months as the price of food and fuel is expected to decline (BER). In a report published on Monday, August 8, analysts at the BER noticed a downward trend in oil prices that, if it continues, will result in a significant reduction in fuel prices by the end of the month. READ ALSO:Boks beat the All Blacks "Brent crude oil's price fell 13.7% for the upcoming month. Since July, the oil price has been affected by concerns about a recession. According to the BER, "brent averaged roughly $105 per barrel in July, down from about $118 per barrel in June, while the average for the first week of August was about $97 per barrel. “Although still early in the month, this could be...
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