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UBS has projected that food inflation will stay high, influenced by climate-related supply shocks, increasing labor costs, stricter livestock standards, and robust demand.
The bank notes that while advancements in agricultural technology may enhance efficiency, they are not expected to significantly reduce food prices.
UBS suggests that ongoing food inflation could favour supermarkets, but may lead to decreased consumer spending on restaurants and other discretionary items.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.