National food price inflation remains of significant concern. Nepal Rastra Bank’s latest data indicates year- on-year food price inflation over 13 percent and cereal grain price inflation of over 15 percent. Expected seasonal price decreases (following the summer crop harvest from October-November) in coarse rice were not experienced in most markets. The overall supply situation in the country is good and markets in the hills, mountains and Terai remain generally relatively well stocked. In the markets regularly monitored by MoAC and WFP, the national average price of coarse rice during the monthly monitoring period was Npr 35 kg (the same as last month); the average price of wheat was Npr 36 kg (the same as last month); and the average price of musuro (broken lentil) was Npr 105 kg (compared to Npr 104 kg last month). The average price of potato increased to Npr 35.5 kg (compared to Npr 27 last month). Food prices have remained relatively stable this month due to continuing good supply following the summer harvest. However, expected seasonal price decreases in the Terai have not been experienced, and the price of coarce rice and wheat flour across the country remains high for this time of year.Year on year (y-o-y) food price inflation, as measured by the consumer price index, increased to 13.3 percent in December 2010 on top of 16 percent inflation during the same period last year. The annual price inflation of staple cereal grains in December was 15 percent.
#MarketWatch #MarketDevelopment #PriceIncrease
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Publisher:
WFP, MOAC, FNCCI, CIPF
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(2010
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Type / Script:
Bulletin or Poster
in English
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Keywords:
MARKET DEVELOPMENTS, MARKETS, COMMODITIES, PRICE, LARGEST CHANGE, FOOD AVAILABILITY, SUPPLY, PRICE STABILIZATION, PRICE INCREASE, NATIONAL MARKET DEVELOPMENTS, NATIONAL FOOD PRICE INFLATION, LARGEST DEC REASE
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Thematic Group:
WFP
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Food and Emergency humanitarian logistict support
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Thesaurus:
02.02.00
- Economic Conditions
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Reference Link:
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