Lebanon Tops Global Food Inflation Index

  • Beirut, Lebanon
  • 15 May 2023
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Lebanon topped the highest figure for nominal food price inflation around the world, with the United Nations estimating that about 3.8 million residents need donor aid this year, amounting to about $ 3.6 billion. According to the latest statistical monitoring issued by the World Bank, Lebanon recorded a new record rise of 89 percent, as a real inflation rate in food prices, during the first four months of this year. Jumping with the annual rate to 352 percent, by the end of the first quarter, and a large difference of about 245 points from the second place occupied by Argentina, recording 107 percent, and Zimbabwe, which came in third place with 102 percent.

Source: (Asharq Al-Awsat Newspaper, Edited)

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