Strategy Note /
Global

Commodity food prices drop again but from a high level

  • Food prices down 1.25% mom in June, second consecutive monthly drop, although still up 31% yoy, close to 10-year peak

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

  • Implies relief on the way for inflation, fiscal spend (where governments subsidise), trade balance and social stability

Commodity food prices drop again but from a high level
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
5 August 2021
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