Monthly Price and Food Security Update Kyrgyz Republic, June 2012
The purpose of this monthly update is to provide near to real time insights into the rapidly changing food security environment, particularly food price and its impact at the household level.
The Consumer Price Index (CPI) increased for the first time in 2012 (see below chart).
Wheat price increased by 5% in June 2012 but it was still 17% lower than a year ago.
Vegetable prices are expected to decrease after the main harvest as it was observed in 2010 and 2011.
Food-and-mouth disease killed about 4,000 cattle (0.3% of total) in 2012. The government will accelerate vaccination. Close monitoring is required.
According to the results of the WFP Emergency Food Security Assessment (EFSA) conducted in March 2012, an estimated 18% of households, or about 1 million people, were food insecure.
Average household expenditures for electricity and gas increased significantly from 6% in August 2011 to 31% in March 2012, according to the EFSA.
MAIN PRICE TRENDS
General inflation: Official year-on-year inflation rate was 0.5% in May 2012. The Consumer Price Index (CPI) increased for the first time in 2012 (see below chart).
Food inflation: Official year-on-year food inflation was -8.6% in May 2012. The Food Price Index increased by 0.1% in in May compared to April, after continuous decrease since January 2012.
Potential negative impacts: Low cereal price is not necessarily good news as it may negatively affect suppliers, especially small ones. Further examination and analysis of selling prices of crops is required and will take place during the next assessment conducted by WFP.