Zimbabwe, Rwanda, Ghana among 10 countries with highest food price inflation – World Bank

Zimbabwe, Rwanda, Ghana among 10 countries with highest food price inflation – World Bank

Zimbabwe, Rwanda and Ghana are the three African countries among 10 nations with the highest food price inflation in the latest World Bank assessment.

Zimbabwe, Lebanon, Venezuela and Turkey ranked first four countries in the assessment while Iran, Sri Lanka, Argentina, Moldova, Rwanda and Ghana were the remaining countries in the list published by the World Bank on Sunday.

The World Bank in its latest update for the month of October had opined that domestic food price inflation would continue to rise, especially in low and middle-income countries, including African nations.

“Domestic food price inflation remains high around the world. Information between May to August 2022 shows high inflation in almost all low-income and middle-income countries; 88.2 per cent of low-income countries, 91.1 per cent of lower-middle-income countries, and 93 per cent of upper-middle-income countries have seen inflation levels above 5 per cent, with many experiencing double-digit inflation. The share of high-income countries with high inflation has also increased sharply, with about 82.1 per cent experiencing high food price inflation,” the update read.

The bank noted that there has been another increase in fertilizer prices, in addition to increasing energy prices, as policy measures such as export restrictions have limited global fertilizer availability.

“The war