Purchasing Power
For the majority of the rural households, daily wage rate is derived from agricultural activities (or from charcoal production in the case of Tubmanburg), while urban areas in Monrovia and Buchanan depend on construction activities as the dominant source of casual work. In August 2012, the terms of trade for casual labourers in exchange for rice have deteriorated in most markets compared to last year, with the exception of Pleebo (+0.4%) and Saclepea markets (+0.8%), showing slight improvements compared to August 2011. The decline in terms of trade across Liberia could be associated with the surging of rice prices against stable or low wage rates.
October 2012
Food Security