Food Inflation Is Still High Around the World (From Bloomberg)
~ Monday, September 25, 2023 Blog Post ~
By Zoe Schneeweiss, September 24, 2023
Domestic food price inflation remains high, with people in Venezuela, Lebanon, Argentina, Turkey 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% from 162 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.
— With assistance from Andrew Davis.
©2023 Bloomberg L.P.
Sources:
https://www.bnnbloomberg.ca/food-inflation-is-still-high-around-the-world-1.1975659
https://www.bloomberg.com/news/articles/2023-09-24/food-inflation-is-still-high-around-the-world
