Strategy Note /
Global

Food prices off the boil for now, down 0.6% mom in May, still up 73% from trough

  • Food prices down 0.6% mom in May (versus down 1% April), up 23% yoy, up 73% from May 2020 trough

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

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

Food prices off the boil for now, down 0.6% mom in May, still up 73% from trough
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
3 June 2022
Published byTellimer Research

Watchlist

Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.