Highlights
In May 2017, the average retail price of wheat and wheat flour decreased by 3.62% and 1.97%, respectively; the price of rice Irri-6 remained unchanged and the price of rice Basmati increased by 3.8% from the previous month (April 2017);
Headline inflation based on the Consumer Price Index (CPI) negligibly increased by 0.01% from April 2017, whereas it has increased by 5.02% from the same month last year (May 2016);
There were slight to significant fluctuations in the prices of non-cereal food commodities compared to the previous month. The price of live chicken and sugar decreased by 6.7% and 2.5% respectively; the prices of eggs, pulse Dal Mash, pulse Dal Moong and lentil Masoor slightly increased by 3.1%, 4%, 1.7%, and 1.3%, respectively, whereas the prices of vegetable ghee and cooking oil remained unchanged;
In May 2017, the average ToT increased by 2.01% from the previous month;
In June 2017, the total global wheat production for 2017/18 is projected at 739.53 million MT, showing an increase of 1.7 million MT compared to the projections made last month