Yemen Monthly Market Watch February 2013

Situation Report
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  • The purchasing power of the households which depend on markets remained almost unchanged in February 2013. This has stabilized food access for poor households, though their food security situation remains precarious.

  • In January 2013, the 12-month general inflation was 7.12 percent and food inflation was recorded at 6.82 percent. The general consumer price index (CPI) stood at 163.86 while the food CPI was 158.23 and that of cereals was 130.95.

  • The wholesale prices of wheat and wheat flour increased by 1.6 percent and 2.2 percent, respectively, between January and February 2013.

  • In February the retail prices of wheat and wheat flour increased by 5 percent and 2 percent respectively, compared with the previous month.

  • In February 2013, the supply of essential food commodities was normal in most of the markets being monitored. Food supply is expected to continue to be normal during the coming months.

  • The average terms of trade (TOT) between a daily unskilled labour wage and the retail price of wheat flour was 15.9Kg/day in February 2013, some two percent lower than that recorded in January (16.2Kg/day).

  • The average TOT between retail prices of wheat flour and a sheep stood at 250Kg/sheep in February which was 1.5 percent higher compared to the previous month (246Kg/sheep).

  • The FAO Food Price Index averaged 210 points in February 2013, unchanged from January but five points (2.5 percent) below the corresponding month last year. The Cereal Price Index averaged 245 points in February, down just below 1 percent from January but still 8 percent higher than in February 2012.

  • International wheat prices have continued to decline during February 2013 which is expected to have a positive impact on domestic markets in Yemen in coming months. The overall market analysis results indicate that food access has remained stable during February 2013.