Domestic food price inflation remains high, with people in Venezuela, Lebanon, Argentina, Türkiye and Zimbabwe particularly hard hit, according to the World Bank.
The most recently available monthly data show rates of increase above 5% in:
▪️ 52.6% of low-income economies (vs. 63.2% in prior reading)
▪️ 86% of lower-middle-income economies (vs. 79.5% prior)
▪️ 64% of upper-middle-income economies (vs. 67% prior)
▪️ 73.2% of high-income economies (vs. 78.9% prior)
In real terms, food price inflation exceeded overall inflation in 81% of the 162 countries for which data are available, according to the World Bank’s latest updated food security report.