ELMWOOD PARK, N.J. — Food inflation should moderate this year, but the degree to which prices are lowered could be impacted by reductions in supply and by the strength of the dollar against foreign currencies, according to a presentation by Food Institute here yesterday.
Noting that the slowdown in food-price inflation has been driven by the drop-off in demand, Kenneth Zaslow, an analyst at BMO Capital Markets, New York, said that production cuts “may reignite inflationary pressures.”
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