Highlights
In October 2017, the average retail price of wheat and wheat flour increased by 1% and 2.2%, respectively; the price of rice Irri-6 negligibly increased by 0.1% whilst the price of rice Basmati increased by 0.8% from the previous month (September 2017);
Headline inflation based on the Consumer Price Index (CPI) has negligibly increased by 0.75% from September 2017, whereas it slightly increased by 3.8% from the same month last year (October 2016);
There were slight fluctuations in the prices of non-cereal food commodities from the previous month;
In October 2017, the average ToT slightly increased by 2.1% from previous month;
In November 2017, the total global wheat production for 2017/18 is projected at 751.98 million MT, showing an increase of 0.8 million MT compared to the projection made last month