Domestic Price Warnings

Countries where prices of one or more basic food commodity are at abnormal high levels in main markets.
Price warning level:  High   Moderate [Based on the Indicator of Price Anomalies (IPA)]

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Ethiopia

11/11/2022

Prices of cereals at near-record to record levels in October, due to the continuous depreciation of the national currency and conflict-related trade disruptions

Prices of domestically produced maize declined in October by 4 percent in Bahirdar market, located in a key producing area, with the start of the “Meher” harvest, while prices of sorghum firmed up to record levels in the capital, Addis Ababa. Prices of maize in October in these markets were about 20 percent higher than the significantly elevated values a year earlier. In the capital, Addis Ababa, prices of “Teff” were also firm in October, while prices of wheat, partly imported and mainly consumed in urban areas, increased by 4 percent. Prices of both cereals remained at record levels in October and were 8–19 percent higher than the elevated values a year earlier. The high price levels are mainly due to the continuous depreciation of the national currency, which increased prices of imported fuel and inputs, in addition to conflict-related trade disruptions in some areas.