The cost of the basic food basket (rice, edible oil, chickpeas, salt) remained stable but remains high (+34%) compared to the same period last year.
Average prices of locally available low to medium quality rice remained stable with slight variations between June and mid-July. However, from the end of July, increases in rice prices were reported in various parts of the country, which will then be validated as part of the market price update in August.
Edible oil prices were flat or slightly down from the previous month due to increased availability of palm oil exports from Indonesia as the world’s largest exporter.
Onion prices also surged this month due to low domestic stocks and increased foreign demand. In some regions, prices are 3 to 4 times higher than at the same time last year.
The price of eggs has stabilized overall, but with some variability from market to market.
In Chin and northern Rakhine, the increases were associated with high transport costs and high chicken feed costs.
Chickpea prices are high in Mon State due to low retail stocks and high transport costs
The price of fuel fell by -21% on average during the month of July. However, prices remain significantly higher than a year ago, and reports of fuel shortages in early to mid-August led to further price increases outside the watch period.