The overall year to year general inflation rate increased by 8.8%; food inflation by 6.1% and non-food by 11.8% in March 2014. Since November 2013, month-to-month food inflation rate increases was below zero but in March 2014 increased by 2.4%.
The import parity prices of maize (Durban) and wheat (Black sea) remained stable with upward changes of 4% for maize and 2% downward for wheat as compared to February 2014. The import parity price stood higher than the local wholesale price by about 73% for maize while 6% below the local wheat price at Addis Ababa.
In March 2014, the prices of these cereals have remained almost synonymous compared to the preceding month. In all of monitored markets, the prices change were below 5% as compared to February 2014. The prevailing price stability is normal to the season and signifies better access for market dependent households.
The retail prices of imported food items (rice, spaghetti and wheat flour) remained stable in Afar while rose at Deghabour and Kebridehar. The retail price of rice rose by 14% and 21% respectively at Kebridehar and Deghabour markets; sugar price increased by 13% at Kebridehar; spaghetti by 8% at Kebridehar and Deghabour.