Local food basket price increases – WFP Market Monitor
A significant increase in the prices of commodities and services has been reported during September despite a decrease in the inflation rate, according to the September 2021 WFP Market Monitor. Inflation has decreased in September 2021 (365.82 per cent) compared to 387.56 per cent in August 2021. However, the monthly percentage change in consumer price index (CPI) was 15.55 per cent compared to 6.52 per cent in August, which has resulted in the increase in the prices of commodities and services.
As a result, the average cost of the WFP local food basket (LFB) increased to SDG 232.9 (about US$0.53) in September compared SDG 221.28 ($0.50) in August 2021. On the other hand, there was slight increase in the average daily casual labour wage rate (SDG 1,304), an increase of 4 per cent compared to August 2021. This is 236 per cent higher compared to the same period last year.
The sustained food insecurity and economic crisis may continue even after the main summer harvest season between November 2021 and February 2022, as the lifting of fuel subsidies and free exchange policy has pushed production costs up more than 3 to 4 times compared to previous season, which is expected to increase the prices of crops and foods next year.
For more information on market prices, please see the September 2021 WFP Sudan Market Monitor here