Highlights
In December 2016, the price of wheat slightly increased by 1.5% and a negligible increase of 0.3% was registered in price of wheat flour;
Headline inflation based on the Consumer Price Index (CPI) negligibly decreased by 0.7% from the previous month (November 2016), whereas it has increased by 3.7% for the same month last year (December 2015);
There were slight to significant fluctuations in the prices of non‐cereal food commodities compared to the previous month with the price of sugar and live chicken significantly decreased by 11.48% and 10.8%, respectively;
In December 2016, the average ToT remained unchanged from the previous month;
In January 2017, the total global wheat production for 2016‐2017 is projected at 752.7 million MT.