Lebanon ranked 3rd in food price inflation
Lebanon has been ranked third in food price inflation, according to a study by the World Bank.
Domestic food price inflation remains high around the world. The countries affected most are in Africa, North America, Latin America, South Asia, Europe, and Central Asia, the World Bank said in a statement.
"Information between September to December 2022 shows high inflation in almost all low-income and middle-income countries; 83.3% of low-income countries, 90.5% of lower-middle-income countries, and 91% of upper-middle-income countries have seen inflation levels above 5%, with many experiencing double-digit inflation. The share of high-income countries with high food price inflation has risen to 85.7%," the statement added.
Information from the latest month between September and December 2022 showed high inflation in Lebanon, as the food inflation reached 143% in Lebanon, while it reached 285% in Zimbabwe and 158% in Venezuela.