INSUBCONTINENT EXCLUSIVE:
Commodity rates have actually increased in Afghanistan as the nation’& rsquo; s currency diminished versus the US dollar throughout the
past week, the UN World Food Program (WFP) said on Thursday.WFP said in a report that during the past week, the Afghani decreased by 7.6
percent against USD to AFN 79.6/ USD, which directly affected market prices.It stated that Da Afghanistan Bank (DAB) carried out USD
auctions to support the currency, and the currency exchange rate went back to around 76 Afghanis per USD of Thursday.Majority of essential
food products, such as wheat flour, cooking oil, and rice, are imported into the country
Any modifications in the exchange rate directly effect prices in local markets.Prices collected during the 4th week of January show a small
increase in the cost of significant food commodities due to the depreciation of the Afghani over the previous week, WFP said.The national
average prices of non-food products likewise experienced a slight boost compared to recently due to modifications in exchange rate
Compared to last week, the rate of DAP, Urea and Improved Seed increased by 2.8%, 3.6% and 0.9%, respectively.The price of diesel increased
by 2.8 percent to AFN 63.9 per litre
Charcoal and gas rates rose by 4.0% and 2.8% respectively.The post Commodity prices have actually increased in Afghanistan with currency
devaluation: WFP first appeared on Ariana News.
