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Home Companies Retail

OK Foods leads in Year-on-Year basket cost reduction in July

by editor
August 4, 2024
in Retail
235
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In July ‘24, OK Foods experienced the largest year-on-year basket cost decrease, dropping by 9.90%. The basket price reduced from N$ 1,098.80 in July ‘23 to N$ 999.80 in July ‘24.

A significant contributor to this decrease was the price of beef stew, which dropped by N$ 25.00, from N$ 124.99 in July ‘23 to N$ 99.99 in July ‘24.

Other items that contributed to the basket reduction include washing powder, which decreased from N$ 74.99 to N$ 66.99, and macaroni pasta, which decreased from N$ 116.99 to N$ 103.99.

Conversely, Choppies, which has been known for its affordable basket, saw a year-on-year increase of 4.70%. The basket cost rose from N$ 974.11 in July ‘23 to N$ 1,018.86 in July ‘24.

Items contributing to this increase include tomatoes, which went from N$ 19.99 per kilogram in July 2023 to N$ 31.95 in July ‘24, potatoes, which rose from N$ 18.99 to N$ 21.95 per kilogram, and beef stew, which increased from N$ 89.99 to N$ 94.99 per kilogram.

Checkers also experienced a significant basket cost reduction of 9.74%, followed by Spar with a 9.55% decrease, Woermann Brock with an 8.19% drop, and Shoprite with an 8.05% decrease. Pick ‘n Pay’s basket price also decreased, albeit marginally, by 1.59%.

Regarding the commodity for July ‘24, Top Score 5kg, Spar offered the lowest average price at N$ 66.50, followed by Shoprite at N$ 66.84, and Pick ‘n Pay at N$ 67.45. Choppies, Woermann Brock, and OK Foods followed with prices of N$ 69.91, N$ 72.22, and N$ 73.70, respectively.

In the hypermarket category, Woermann Brock emerged as the most affordable, with a basket decrease of 2.01%, followed by Checkers with a slight decrease of 0.1%. Metro was the least affordable, with a basket increase of 12.01%.

Our grocery basket comprises:

Loaf of bread

 2-litre Nola Sunflower Oil

 5kg Top Score maize meal

 2.5kg Marathon sugar (white sugar)

 1.5kg Real Good Chicken

 1kg Beef stew

 2kg Mama rice

 3kg Pasta Polana Macaroni

1-litre Nammilk full cream milk

9 Twinsaver toilet paper (350 sheets)

700ml Wellington tomato sauce

1kg Sunlight Washing powder

 750ml Sunlight dishwashing liquid

500g Rama Butter

18 Waldschmidt eggs (medium)

150g Protex bar soap

100ml Colgate toothpaste

1kg Onions

 kg Potatoes

1kg Tomatoes

Note: We do not take specials or loyalty card discounts into consideration. When we find certain goods on special, for example, “Get N$10.00 off when buying 18 (medium) eggs and pay N$55.00”, we will log the price as N$65.00 to exclude the special.

 July ‘24 alternatives

Spar – 2L oil (Spar brand), Nice Rice

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