Food Inflation Is Still High Around the World

Domestic food price inflation remains high, with Venezuela, Lebanon, Zimbabwe, Argentina and Suriname among the hardest hit countries, according to the World Bank.

(Bloomberg) — Domestic food price inflation remains high, with Venezuela, Lebanon, Zimbabwe, Argentina and Suriname among the hardest hit countries, according to the World Bank.

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

63.2% of low-income economies (vs. 61.1% in prior reading)
79.5% of lower-middle-income economies (vs. 79.1% prior)
67% of upper-middle-income economies (vs. 70% prior)
78.9% of high-income economies (vs. 78.9% prior)

In real terms, food price inflation exceeded overall inflation in 80.1% from 166 countries where data is available, the World Bank said in its latest food security update.

This story was produced with the assistance of Bloomberg Automation.

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