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Countries With Highest Food Inflation Rate Revealed [See List]

CDA News May 23, 2023

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Countries with the highest inflation on food items have been ranked.

Report indicates that in a recent inflation rate released by the National Bureau of Statistics Consumer Price Index said that Nigeria’s inflation has increased to 22.22 per cent.

The World of Statistics in its latest release also ranked Nigeria high, indicating that food inflation in the West African country is at 24.6%.

However, Venezuela is leading the chart of countries being hit by food inflation with 466%, followed by Lebanon at 352%, Argentina at 115%, Zimbabwe 102% and Iran, 71.5% making up the top five.

Here’s the full list according to ranking.

Venezuela 426%
Lebanon 352%
Argentina 115%
Zimbabwe 102%
Iran 71.5%
Turkey 53.92%
Pakistan 48%
Hungary 39%
Nigeria 24.6%
Ukraine 22.2%
Poland 20%
United Kingdom 19.1%
Czechia 17.3%
Sweden 17%
Germany 16.8%
Euro Area 16.4%
The Netherlands 15.6%
France 14.9%
South Africa 14%
Spain 12.9%
Italy 12.1%
Mexico 10.05%
Japan 8.4%
Canada 8.3%
Australia 8%
United States 7.7%
Singapore 7.7%
Brazil 5.88%
UAE 5.78%
Switzerland 5.4%
South Korea 5%
Indonesia 4.58%
India 3.84%
Qatar 1.71%
Hong Kong 1.6%
Saudi Arabia 1%
China 0.4%
Russia -0.01%
Niger -0.1%
Liberia -2.47%
South Sudan -23.8%