Highlights
• In January 2019, the average retail prices of wheat and wheat flour increased by 0.9% and 0.14%, respectively; the prices of rice Irri-6 and rice Basmati increased by 2.9% and 2.4%, respectively, in January 2019 when compared to the previous month;
• Headline inflation based on the Consumer Price Index (CPI) increased in January 2019 by 1% over December 2018 and increased by 7.19% over January 2018;
• The prices of staple cereals and most of non-cereal food commodities in January 2019 experienced only slight fluctuations when compared to the previous month’s prices;
• In January 2019, the average ToT negligibly decreased by 0.1% from previous month;
• In February 2019, the total global wheat production for 2018/19 is projected at 734.75 million MT, indicating an increase of 1.34 million MT compared to the projection made in December 20181 .