Traders have warned people in Mon State not to buy and stockpile basic necessities when they are not needed.
Basic food prices in the state have risen steadily since the military coup, with some commodity prices hitting record highs in September.
Yoda's imported fuel Some basic food items, including dried noodles and sweets, have risen to record levels, according to exhibitors.
"Everything is going up in price," he said. The main reason is rising prices due to the continuous exchange rate between the dollar and the baht. If possible, people should not buy and save,” a's owner told The Irrawaddy.
The price of a barrel of yoghurt has risen to a record high of 8,000 kyat to more than 12,000 kyat in recent years, while the price of a can of sweetener has risen to nearly 10,000 kyat per bag.
The price of rice has risen from 3,000 kyat to 6,000 kyat per bag, depending on the variety.
In the state, the National Unity Government (NUG) has declared a state of emergency, and shopping malls and convenience stores have not seen increasing competition, but the number has increased by about a third.
"Since yesterday morning, there have been a few more customers than usual," he said. I was grinding so hard that I had to wait for my turn. This is not the case. If there were 10 regular buyers a day, it would be 15, ”said a retailer.
Rising prices of basic foodstuffs are directly proportional to people's demand, and if demand continues to rise, there may be shortages in the market.
"If people become overly anxious and buy more than they need, they will run out of goods over time," he said. If there is a shortage, prices may go up,” said a retailer.
Prices of basic foodstuffs have risen as input prices have risen. The devaluation of the Myanmar currency and the continued appreciation of the dollar. Fuel prices continue to rise. Prices continue to rise due to transportation constraints.
The coup junta has said it is working to bring down commodity prices as soon as possible, but in reality commodity prices have continued to rise without falling.
