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Highlights
The national average prices of key food commodities showed negligible changes during the fourth week of November 2024 compared to the previous week. However, prices of wheat grain, imported wheat flour, and cooking oil increased negligibly due to an upward movement in global prices for these commodities. On a year-on-year basis, prices of food commodities, except for cooking oil and salt, are significantly lower, driven by deflation, local currency appreciation, and a drop in global prices. Despite this, the prices of main food commodities (except for wheat grain and wheat flour) remain significantly higher compared to pre-Covid levels and the pre-political changes in the country (June 2021).
The prices of key vegetables, including tomato, potato, and onion, exhibit notable fluctuations between pre-harvest and post-harvest periods and tend to increase significantly during the winter season. Additionally, significant price variations are observed across provinces due to availability of local harvest output in the market. As of the 4 th week of November, prices of tomato and potato significantly increased, and onion prices showed slight increases compared to last week. Tomato prices are 2% lower compared to last year while onion prices remain significantly higher by 36%. Moreover, the prices of these vegetables are still significantly higher than those recorded in the month of June 2021.
The national average prices of non-food commodities are showing a normal trend with minor fluctuations on weekly basis. However, compared to the same time last year, the prices of fertilizers (DAP & Urea), improved seeds, and animal concentrate feed have dropped significantly. Additionally, the Terms of Trade (ToT) for nominal casual labour/wheat and pastoralists has notably improved, both compared to last year and the pre-Covid period.