Iraq Market Monitor Report, Issue No. 16: November 2017
- Despite the earthquake that shook northeast Iraq on November 12 and the protracted displacement situation across the country, markets have been mostly able to respond to the demand fluctuations and food price volatility.
- Food prices decreased by 1% across the country, but markets keep showing lower integration than in the summer.
- Prices in Kirkuk show extreme behaviour, but the overall costs of the minimum food basket decreased by 6% after months of surge.
- The Alert for Price Spikes (ALPS) indicator shows khoboz bread to be at alert level.
- The wage of unskilled labour has decreased by 1% across the country. Due to the increased costs of wheat flour, the terms of trade has dropped by 10% on national basis.