Highlights
- In August 2017, the average retail price of wheat and wheat flour negligibly decreased by 1.2% and 0.9%, respectively; the price of rice Irri‐6 negligibly increased by 0.2% and that of rice Basmati slightly increased by 1.7% from the previous month (July 2017);
- Headline inflation based on the Consumer Price Index (CPI) negligibly increased by 0.19% from July 2017, whereas it has slightly increased by 3.41% from the same month last year (August 2016);
- There were slight to significant fluctuations in the prices of non‐cereal food commodities compared to the previous month;
- In August 2017, the average ToT negligibly increased by 0.9% from the previous month;
- In September 2017, the total global wheat production for 2017/18 is projected at 744.85 million MT, showing an increase of 1.67 million MT compared to the projection made last month.