A neat illustration of how the collapse of the #rand (30% in less than a year) can be baked into prices, even if the #currency subsequently recovers.
The process to adjust #SouthAfrica's #SingleExitPrice for medicine is underway. A lot of drugs are imported, so considering the exchange rate is built into that process. It could be weighted at up to 50% of the adjustment; domestic inflation will then be the other half.
#rand #currency #southafrica #singleexitprice