The cost of the basic food basket (rice, oil, chickpeas, salt) increased slightly by +4%, with the biggest increase in Mandalay (+8%). The increase was largely due to higher edible oil prices.
Edible oil prices jumped again (+12-13%) after a relative stability last month. This increase is due to restrictions on palm oil imports that have led to domestic shortages, combined with high transportation costs.
The price of onion 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 Tanintharyi and northern Sagaing the increases were associated with high transport costs, while in Mandalay traders again referred to high chicken feed costs. In most of the country, the price of eggs fluctuated between 1,700 and 2,500 Myanmar kyat per 10 eggs.
Tomato prices continued to rise this month due to lower local seasonal production.
The price of fuel rose from May to June by around 13% and diesel by around 24% and is more than double that of a year ago. In mid-July, prices had fallen slightly (-16%).