Strategy Note /
Global

Commodity food prices accelerating again

  • Food prices up 3% mom in August, accelerating again after two months' of decline, and up 33% yoy, close to 10-year peak

  • High household spend on (and high imports of) food in Bangladesh, Egypt, Jordan, Lebanon, Nigeria, Pakistan, Philippines

  • Implies renewed pressure on inflation, fiscal spend (where governments subsidise), trade balance and social stability

Commodity food prices accelerating again
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
6 September 2021
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