MNI BRIEF: Case For ECB Cuts Strengthening, Accounts Show

MNI INTERVIEW2: Germany Faces Stagnation -Former Experts Chair

MNI BRIEF: Smaller Firms Split Over Wage Hikes - BOJ Report

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI China Daily Summary: Wednesday, April 3

Feb Trade Balance Surprises With "Significant Growth" At +CAD1.4B

MNI: US FEB TRADE GAP -$68.9B VS JAN -$67.6B

MNI: US JOBLESS CLAIMS +9K TO 221K IN MAR 30 WK

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

UBS Expects Grocery Prices To Rise Further

AUSTRALIA DATA

The UBS grocery food price index rose 9.1% y/y in November unchanged from October and up from 8.4% in September. Analysts don’t think that grocery prices fully reflect cost increases from supply chain issues yet and that there could be further increases in 2023. Fresh food inflation moderated to 9.1% from 10.2% the previous month but dry grocery rose to 9.1% from 8.5%.

  • UBS reports that cost pressures remain and are maybe even still rising for dry grocery suppliers, which are expected to be passed on in early 2023. It doesn’t believe that dry grocery inflation has peaked yet. UBS analyst Cousins noted that “The cost pressures that suppliers are facing are not fully reflected in current supermarket shelf prices.”
    - The Australian
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.