Currency strength, not demand weakness, leading deflation: Analyst

Currency strength, not demand weakness, leading deflation: Analyst

The strength of the U.S. dollar is not getting the share of the blame it deserves for the spate of deflation plaguing U.S. food retailers, an analyst said Thursday.

RBC Capital analyst Bill Kirk argued that the currency imbalance has disadvantaged U.S. food exports, leading to an oversupply of domestic goods that is ultimately triggering declining prices at the shelf. This would suggest deflationary pressure is less a function of

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