Retail prices of bread (French type) rose over threefold year-on-year in April 2024.

Wholesale prices of rice changed little in May 2024 but remained at high levels, mostly due to tight market availabilities and high production and transport costs.

Prices of cereals remained at very high levels in April 2024, underpinned by a weak currency, conflict-related market disruptions, high transport costs and strong local demand, combined with inadequate local supply.

White maize grain prices declined in May 2024, after hitting record levels in April, amidst the effects of drought on national production prospects.

Prices of maize and sorghum increased in May 2024 following a further, sharp depreciation of the national currency due to reduced oil exports. Prices reached record levels due to tight supplies, the lingering impact of prolonged conflict and macroeconomic challenges.

Prices of cereals continued to increase in April 2024 mainly due to the ongoing conflict, which resulted in a sharply reduced cereal production in 2023. Soaring input prices boosting production and transport costs, and insecurity-related trade disruptions provided further support to prices.

Maize grain prices declined seasonally for a second consecutive month, but were still close to record highs in May 2024.