In the markets regularly monitored by MoAC and WFP, the average price of most commodities has remained relatively stable over the past three months. The average price of coarse rice has increased by 5% and soybean oil by 2.4%, while that of black gram, broken lentil and potato have decreased by 5.2%, 3.9% and 8.8% respectively. The wheat flour price has remained almost same with a nominal decrease of 0.1%. In compared to May last year, the average price of soybean oil has increased by 13.0% to Rs.113. Likewise, the average price of coarse rice has increased by 11.6% to Rs.35 and that of wheat flour by 7.1% to Rs. 37.5. Wholesale prices in some large markets (Birtamod, Kathmandu,Butwal, Surkhet and Dhangadi) monitored by AEC also show trends similar to that of retail prices. As of mid-April 2011, y-o-y price inflation has been at 10.6 % compared to 14.3 % in the same period previous year. The food and beverage index shows an increase of 17.3%, while the index of vegetable groups has reached at highest level of 61.1% in the same period. Such a high inflation in food prices thus remains of significant concern. Fuel prices in the world market continue to rise. Recent fuel price increase in India could have a direct impact on fuel prices in Nepal. As a result of soaring fuel prices, the price index of transport shows an increase of 11.4% compared to 0.7% decrease in the same period previous year.
#MarketWatch #PriceIndex #Development #NationalMarket #FoodSecurity
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Publisher:
WFP, MOAC, FNCCI/ AEC, CIPF
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(2011
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Type / Script:
Bulletin or Poster
in English
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Keywords:
PRICE INDEX, FOOD AND BEVERAGE, CONSUMER PRICE INDEX, PRODUCTION, DEMAND, FOOD SECURITY, COMMODITIES, PRICE INFLATION, SUPPLY, MARKETS, LARGEST INCREASE, PRICE, FOOD, FUEL, DECREASE, NATIONAL MARKET DEVELOPMENT
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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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