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Food Inflation Is Still High Around the World

2023-07-18 18:25
Domestic food price inflation remains high around the globe, with people in Venezuela, Lebanon, Zimbabwe, Argentina and Suriname
Food Inflation Is Still High Around the World

Domestic food price inflation remains high around the globe, with people in Venezuela, Lebanon, Zimbabwe, Argentina and Suriname particularly hard-hit, according to the World Bank.

The most recently available monthly data show rates of increase above 5% in:

  • 61.1% of low-income economies
  • 79.1% of lower-middle-income economies
  • 70.0% of upper-middle-income economies
  • 78.9% of high-income economies

In real terms, food price inflation exceeded overall inflation in 79.8% from 163 countries where data are available, the World Bank said in its latest food security update.

This story was produced with the assistance of Bloomberg Automation.