Attachments
Food price retreated slightly in November following October's large price increases, but NFI prices rose in most areas monitored. Food prices fell 1.1% driven by lower prices in Rakhine and Kayin for vegetables and in some cases essential foods like rice and cooking oil. NFIs climbed 2.7% due in large part to spiking prices in a handful of markets where conflict dynamics increased shipping costs and curtailed supply.
Magway stood out in November as poor security, shipping restrictions and supply bottlenecks increased prices in Myaing, Saw and Yesagyo Townships. Kayin and Rakhine presented a mixed picture as food prices fell while NFI prices rose. Meanwhile, Southern Shan and Southern Sagaing Region saw another month of prices which were relatively-stable and in general lower than most other states/regions monitored.
Absent major market shocks, more price relief may be ahead.
Food prices could drift downward in December as winter crop production improves vegetable supply. However, NFI prices may keep rising as election-related tensions and/or security concerns slow transportation or keep some retailers at home.