ADVERTISEMENT

African countries hit hardest by food inflation according to the World Bank

Food is a basic necessity of life; however, its availability is not universal. Food security remains a significant challenge on a continent like Africa, affecting millions of people across its countries to varying degrees.

African countries hit hardest by food inflation according to the World Bank
  • Business Insider Africa presents African countries hit hardest by food inflation in February.
  • Domestic food price inflation remains high with the most affected countries in Africa.
  • This list is courtesy of the World Bank.

Several factors contribute to this issue, including climate change, poverty, and inadequate infrastructure. Additionally, challenges such as currency fluctuations and geopolitical tensions, exemplified by events like the Russian-Ukraine war, have affected the global supply chain of agricultural produce and inputs.

With the continent's population booming, the delicate dance of supply and demand is under even more pressure. More people translate to more mouths to feed, adding stress to an already stretched-out system.

According to the World Bank's Food Security Update report by the World Bank for February, domestic food price inflation remains high in low, middle, and high-income countries on the continent.

ADVERTISEMENT

The report reveals that it will continue to rise in the coming months, driven by the intensifying disruption of market functionality and trade flows, anticipation of below-average harvests, and high fuel and transportation costs.

Food inflation for each country is based on the latest month from October 2023 to January 2024 for which the food component of the Consumer Price Index (CPI) and overall CPI data are available. Real food inflation is defined as food inflation minus overall inflation.

Rank Country % year on year
1 Zimbabwe 26%
2 Egypt 18%
3 Malawi 9%
4 Guinea 6%

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

These 5 countries are the world's worst cybercrime hotspots — Nigeria is one of them

These 5 countries are the world's worst cybercrime hotspots — Nigeria is one of them

IMF says inflation to further drop in 2024 -  Nigeria's situation remains dire

IMF says inflation to further drop in 2024 - Nigeria's situation remains dire

SHIB Coin Price Prediction: New milestone reached with SHIB whales now pocketing SHIB alternatives’ Dogeverse & Dogecoin20 as next 100x crypto

SHIB Coin Price Prediction: New milestone reached with SHIB whales now pocketing SHIB alternatives’ Dogeverse & Dogecoin20 as next 100x crypto

Top 5 Nigerian banks with the highest customer complaints in 2023

Top 5 Nigerian banks with the highest customer complaints in 2023

ABCON commends CBN's decision on non-oil export domiciliary accounts

ABCON commends CBN's decision on non-oil export domiciliary accounts

Ilori's appointment as CIIN president, beacon of hope for insurance industry

Ilori's appointment as CIIN president, beacon of hope for insurance industry

108MP camera in your pocket: itel launches new S24 smartphone in Nigeria

108MP camera in your pocket: itel launches new S24 smartphone in Nigeria

Xiaomi Fan Festival: Grab your favorites from April 1 - 30

Xiaomi Fan Festival: Grab your favorites from April 1 - 30

Air Peace denies abandoning passenger at Gatwick Airport

Air Peace denies abandoning passenger at Gatwick Airport

ADVERTISEMENT
ADVERTISEMENT