Study reveals that over 80% people believe food prices have gone up

Study reveals that over 80% people believe food prices have gone up

- Over 80% of South Africans believe that food prices have increased since the Covid-19 pandemic struck

- The difference between men and women's views were not wide but older people have experienced the increase more sharply

- This was revealed in a study made by the market research company Ipsos which carried out a survey including 26 000 people

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Market research company Ipsos has released the results of a survey which looked at perceptions of food prices across the world. Over 80% of South Africans believe that food has gotten more expensive.

The study showed that 77% of men and 84% of women felt that food prices have increased during lockdown.

Older South Africans have experienced the increase more with 87% of those over 40 saying that food prices have increased sharply.

However, a lot of people also believe that some costs have remained the same and have even dropped since the pandemic.

Study reveals that over 80% people believe food prices have gone up

Consumers feel that food prices have increased since the pandemic. Photo credit: Twitter/Pick n Pay
Source: Twitter

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"Similarly, almost 85% were of the opinion that housing costs (rent, mortgage or home loan) are either lower than before the pandemic, or have remained unchanged."

The survey included 18 000 people from 26 countries between May 22 and June 5.

"At the top of the list of consumers who believe they are experiencing cost increases are those in Argentina, South Africa and Mexico (81%). Next was Turkey (80%). Then Chile and Belgium (79%)."

In other news, Briefly.co.za reported that the National Consumer Commission has taken action after complaints of alleged unfair, unreasonable and unjust prices streamed in amid the Covid-19 crisis.

The Commission says it has been overwhelmed with complaints against numerous suppliers across South Africa.

Acting Commissioner Thezi Mabuza says that the announcement of a national lockdown prompted dodgy businesses to inflate prices.

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Source: Briefly.co.za

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