Market situation update for May 2017. Key highlights include:
- Prices of food and fuel commodities slightly rose in May 2017, with much increase on cooking gas prices. All prices in May continued to be much higher than in pre-crisis time.
- The cost of the minimum food basket marginally increased in May compared to the previous month, and 33% higher than in pre-crisis period.
- Generally, the poor supply and scarcity of food and fuel commodities persisted in May 2017.
- Abnormally low level of demand by consumers observed during the first two weeks of Ramadan.
- According to Alert for Price Spikes (ALPS) methodology, in May 2017, wheat flour persisted to be under alert situation, vegetable oil fall back to stress status, red beans improved to alert status, and that of sugar continued to be at crisis level. The ALPS indicator for the cost of the minimum food basket remained at alert status.