Strategy Note /
Global

Food commodity inflation continues, compounding fuel import woes for some

  • Food prices up 1% mom in September, up 33% yoy and up 43% from May 2020 trough, edging closer to a 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

Food commodity inflation continues, compounding fuel import woes for some
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
7 October 2021
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