Attachments
KEY HIGHLIGHTS
• The unofficial exchange rate (buying) of Yemeni Riyals (YER) against US dollars (USD) remained stable in December 2023 under both IRG and SBA areas compared to the previous month's rate.
• The December 2023 monthly cost of the MFB remained unchanged in IRG areas but went down slightly by 4 percent in SBA markets compared to November.
• Despite the availability of imported food and fuel in domestic markets, and declining global food prices, the domestic food prices remain higher than the 3-year average which continues to affect consumer purchasing power and limit access to food for poor households.
• Compared to November, and December wheat grains imports through the Red Sea as well as Aden and Mukalla Ports went down significantly, at 43% and 37%, respectively.
• The monthly CPI indicator for all items rose 7% in the eleven months to December. Food and non-alcoholic beverages rose 6%, with price rises seen across all categories. These increases reflect rising transportation costs, expensive money transfer charges between governorates, and depreciation of the local currency against US dollars (USD) as well as increased seasonal demands.