M Update Consumer Staples | Europe August 8, 2024 06:37 AM GMT Commodity Cost Tracker - July 2024 Key Takeaways MS Consumer Staples Commodity Cost Index was up +9.3% y/y in July 2024 vs +11.3% y/y in June 2024 Our index was down -2.4% m/m, driven primarily by a moderation in cocoa and energy prices Excluding the Chocolate companies, our Staples Commodity Cost index was up +1% y/y and flat on a m/m basis MS Consumer Staples Commodity Cost Index is up +9.3% on a y/y basis, but - 2.4% m/m in July due to a mode ...