Every month, data-news outfit The Outlier publishes a price comparison across the grocery retailers based on a carb-heavy basket of 12 items that includes white bread, maize meal, white sugar, cake flour, rice, spaghetti, bath soap, tea bags, milk, peanut butter, oats, and sunflower oil. Most of these are market leaders; some are private label products where the retailer does not stock branded options. The retailers surveyed are Shoprite, Checkers, Pick n Pay, SPAR, Food Lover’s Market, Woolworths, Boxer, and Makro. The results for June are in, and the three cheapest retailers are Makro at R450.99, Shoprite at R463.88, and Food Lover’s at R474.30. Boxer and SPAR are solidly in the middle, while Pick n Pay, Checkers, and Woolies are the priciest. Big features of the June survey were the skyrocketing price of sugar, and the sharp decline in the price of sunflower oil as supply chains normalise through the war in Ukraine.
Comment: Boxer should probably work a little harder to compete in a basket like this, and Checkers, as part of Shoprite’s mighty buying machine, could probably also come down a touch.