The World Bank declared in its latest Food Security Update report on Tuesday that available data on food prices showed high inflation in low, middle and high-income countries.
It declared that the inflation level was greater than 5% in 63.2% of low-income countries, which was 1.3% points higher than in the last food update on January 17, 2023. It said that the inflation level was greater than 5% in 73.9% of lower-middle-income countries and 48% of upper-middle-income countries which recorded no percentage change from the last update.
The bank said in high-income countries, the food inflation level was also higher than 5% in 44.4% of countries, which was 1.9% points lower than in the last food update.
