Market situation update for October 2016. Key highlights include:
Prices of food and fuel commodities largely kept their stabilizing trend in October, but continued to be significantly higher than the pre-crisis levels.
The cost of the minimum food basket has slightly increased in October compared to that in September and was 24% higher than the pre-crisis level.
Consumers reportedly changed their buying behavior as many of them purchasing small quantities and requesting traders for buying on credits due to lack of money caused by absence of salaries and loss of income resulted from disruption of their livelihoods. Consequently, despite purportedly better supply of goods through informal cross-border overland imports during the past few months, consumers’ reduced demand for commodities led to lower/stable prices.
According to Alert for Price Spikes (ALPS) methodology, in October 2016, normal situation prevailed for wheat flour, vegetable oil and red beans while sugar continued on a crisis status. The ALPS indicator for the cost of the minimum food basket remained at normal level.