Post date | Monday, April 26, 2021 - 13:45 |
Month(s) covered | 2020-03 |
Document Type | Newsletter/Bulletin |
Content Themes | Agriculture, Livelihoods, Food Assistance, Food Security, Coordination |
Sources | WFP |
Key highlights include:
- The national average price of WFP’s standard reference food basket increased by a dramatic 33 percent between February and March 2021, reaching SYP 180,792 (USD 145 at the official exchange rate of SYP 1,250/USD).
- On 22 March 2021, Syria’s Central Bank increased the UN preferential exchange rate from SYP 1,250/USD to SYP 2,500/USD. Moreover, the national average informal exchange rate weakened by 18 percent reaching SYP 3,972/USD, causing the price of main food-items, especially imported goods, to drastically increase.
- Between February and March 2021, the national average price of subsidized bread increased by eight percent to reach SYP 119/bundle as a result of the increased fees charged by bread agents while the commercial bread price increased by three percent to reach SYP 1,690/bundle.
- On 15 March 2021, the Ministry of Internal Trade and Consumer Protection increased the formal butane gas cylinder price from SYP 3,000/refill to SYP 3,850/refill (up 28 percent m-o-m).
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