Syria

Syria Country Office Market Price Watch Bulletin Issue 5, February 2015

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Highlights:

  • A month following the Syrian government issuing a decree in January 2015 announcing increases in the official price of bread, gas and diesel; a substantive increase of prices of up to more than 10% compared to Dec 2014 was observed.

  • On average, 1kg of rice is available at 226.8 SYP, representing a 25.8% increase since August 2014. Similarly, between August 2014 and February 2015, the average retail price of bread rose by approximately 33 %.

  • Consequently, the purchasing power and food security situation of poor households, who mainly depend on local markets believed to have further deteriorated.