Strategy Note /
Global

Food prices cool, down 2.3% mom in June, still up 70% from trough

  • Food prices down 2.3% mom in June (3rd consecutive small monthly decline). Still up 23% yoy and 70% from May 2020 trough

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

  • Small relief but pressure persists on inflation, fiscal spend (in cases of subsidy), trade balance and social stability

Food prices cool, down 2.3% mom in June, still up 70% from trough
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
10 July 2022
Published byTellimer Research

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