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.

(Bloomberg) — 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.

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