World Bank: Lebanon Tops World’s Food Price Inflation Rate

[Sarah]

In its latest reports on food security around the world, the World Bank said that Lebanon recorded the highest nominal food price inflation rate in the world during the February 2022 – February 2023 period. The country registered 261% annual change in the food Consumer Price Index (CPI), followed by Zimbabwe (128%). With regard to the real inflation rate, the report monitored an increase in the annual change in food prices in Lebanon by 71 percent during the comparison period, followed by Zimbabwe by 40 percent, Rwanda by 32 percent, and Egypt by 30 percent.

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