Highlights
In March 2017, the average retail price of wheat and wheat flour negligibly decreased by 0.14% and negligibly increased by 0.04%, respectively;
Headline inflation based on the Consumer Price Index (CPI) negligibly increased by 0.8% from the previous month (February 2017), whereas it has increased by 4.9% from the same month last year (March 2016);
There were slight to significant fluctuations in the prices of non‐cereal food commodities compared to the previous month; the price of sugar slightly decreased (by 3.9%), the price of eggs decreased significantly (18%) and the price of live chicken also significantly increased (30.6%);
In March 2017, the average ToT negligibly decreased from the previous month;
In April 2017, the total global wheat production for 2016‐2017 is projected at 751.36 million MT, showing an increase of 0.3 million MT compared to the projection made last month.