Ethiopia monthly market watch June 2013
Highlights - In June 2013, year-on-year inflation increased by 7.4% for general, 3.7% for food and 11.9% for non-food inflation. The month-to-month inflation has shown increment; 0.76% for general, 0.33% for food and 2.82% for bread and cereals.
Compared to May 2013, import parity price of maize (Black Sea) and wheat (US Gulf) at Addis Ababa remained stable with increases of 2%.
The nominal wholesale price of staple cereals increased in all monitored markets at higher rate as compared to previous month. The month-to-month increased rate is relatively higher for maize as compared wheat and sorghum including in major supply markets of the country.
Nominal retail price of maize, wheat and sorghum showed month-to-month increase in most markets; however, the rate of increase is higher in most of East and West Hararghe woreda markets and also in few markets of SNNP and Tigray region.