Retail Food Inflation - 17/07/2006 thru 26/08/2006 - Harare Northern Suburbs - a well-known national grocery chain.
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	17/07/2006	24/07/2006	31/07/2006	26/08/2006	RATIO	ANNUALISED
PARALLEL MARKET RATE - ZWD/USD	500	500	500	640
COOKING OIL	540	760	760	1333	2.47	3810.50	Items in this range are OUTRAGEOUSLY inflationary
WASHING SOAP	573	607	635	1250	2.18	1226.98
ONIONS	387	387	644	766	1.98	507.84
BEEF_BLADE	990	1200	1200	1830	1.85	272.08
WASH_POWDER	1350	1350	1350	2400	1.78	190.60
SPINACH_(BUNCH)	77	77	88	132	1.71	136.78
MILK POWDERED	2200	2200	2330	3640	1.65	98.96
MILK FRESH	220	300	280	350	1.59	69.19
JIK BLEACH	376	376	440	593	1.58	64.23
CABBAGE (HEAD)	154	235	264	242	1.57	61.83
SOYA MINCE	400	460	460	620	1.55	54.55
PEANUT BUTTER	1000	1000	1000	1520	1.52	45.64
MAIZE MEAL	37	32	32	55	1.47	34.26
BREAD 600G	130	130	200	190	1.46	31.91
BROCOLLI	211	211	396	295	1.40	21.28
CAULIFLOWER	211	211	396	295	1.40	21.28
POPCORN	352	480	490	490	1.39	20.46
TOOTHPASTE	7750	9100	10500	10500	1.35	15.98
MARGARINE	1270	1270	1270	1720	1.35	15.92
RICE	610	817	817	817	1.34	14.38
BANANA	180	180	171	238	1.32	12.79	This is approx the target inflation rate (x 11 per annum) - above this are items who are breaking the inflation 'target'; below are items which are beating the inflation 'target'
MAZOE ORANGE JUICE	385	385	385	448	1.16	3.99
CHICKEN BRAI PACK	1000	1020	1170	1150	1.15	3.58
RAPE (BUNCH)	77	77	88	88	1.14	3.38
BEER_375ML	240	240	240	270	1.13	2.93
EGGS LRG DOZ	530	545	545	590	1.11	2.66
SUGAR BEANS	540	540	580	600	1.11	2.62
TEA LOW GRADE	900	900	900	1000	1.11	2.62
WHEAT FLOUR	305	305	305	335	1.10	2.35
POTATOES	288	300	300	300	1.04	1.45
BAKED BEANS 450G	295	295	295	305	1.03	1.36
LEMON	79	79	79	80	1.01	1.10
SUGAR WHITE	180	180	180	175	0.97	0.77
ORANGES	170	170	145	159	0.94	0.54
SALT	160	160	150	140	0.88	0.30
KAPENTA DRIED FISH	1670	1670	1670	1400	0.84	0.20
TOMATOES	388	388	320	317	0.82	0.16
CARROTS	316	380	248	250	0.79	0.12
AVERAGE (40 DAYS)					1.35	15.35

Note - all prices are in ZWD per kg or ZWD per litre, except when stated otherwise (e.g. cabbage, eggs, rape, spinach, bread)

Comment

Using unweighted comparison, the average inflation is an annualised factor of 15.35, which is slightly above the apparent trend of x 11.00.

It is the inflation in some items which is a major cause for concern - and must indicate either extreme profiteering and/or a re-adjustment of previously subsidized or semi-subsidized food items...

Consumers and/or government and/or trade bodies should act to prevent such exploitation of the consumer, or importers should import a cheaper alternative than production monopolies are providing...

Mr Alex Weir
26 August 2006
Harare
Zimbabwe
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