The cost of food and groceries has been steadily increasing in many African countries, posing a significant threat to food security and having a ripple effect on households, companies, and the economy as a whole. A recent report by Numbeo has revealed the top 5 African countries with the most expensive grocery prices at the end of 2024, with Mauritius ranking number one.
The high cost of basic food products has severe consequences, particularly in areas where many people live on low incomes. Families are often forced to restrict their food intake, leading to malnutrition and other health consequences. Moreover, the reliance on sub-standard food materials results in low access to critical nutrients, which can cause long-term developmental issues, especially in children.
The exorbitant food prices also have a broader impact on the economy. They reduce consumers' disposable income and, consequently, their purchasing power in other economic sectors. This can lead to a drop in demand for non-essential products and services, ultimately stalling economic activity. Small firms that depend on consumer spending may struggle to sustain their businesses, resulting in job losses and a worsened outlook for the economy.
In rapidly urbanizing African countries, high grocery prices put additional pressure on urban inhabitants who are already dealing with high housing costs and other living expenditures. For low- and middle-income city dwellers, growing grocery costs can make urban life increasingly unsustainable.
According to Numbeo's data, the top 5 African countries with the most expensive grocery prices at the end of 2024 are:
Mauritius, with a grocery index of 40.7, tops the list. Nigeria follows closely, with a grocery index of 37.5. Algeria, Zimbabwe, and Cameroon complete the top 5, with grocery indices of 36.8, 35.5, and 34.6, respectively.
Numbeo computes the grocery index for every city using item weights from the "Markets" section, providing an estimation of grocery prices in a city relative to New York City. This data serves as a crucial indicator of the affordability of basic necessities in different regions.
The implications of high grocery prices are far-reaching, and it is essential for policymakers and stakeholders to address this issue to ensure food security and sustainable economic growth in Africa.