Food inflation is a critical economic indicator that affects people’s daily lives across the globe. It measures the percentage increase in the prices of essential food items over a specific period. High food inflation can strain household budgets and lead to food insecurity, which has far-reaching social and political implications.
| Country | Food Inflation (%) |
|---|---|
| 🇻🇪 Venezuela | 403% |
| 🇱🇧 Lebanon | 274% |
| 🇦🇷 Argentina | 133% |
| 🇹🇷 Turkey | 75.14% |
| 🇪🇬 Egypt | 71.4% |
| 🇮🇷 Iran | 37.7% |
| 🇵🇰 Pakistan | 33.1% |
| 🇳🇬 Nigeria | 29.34% |
| 🇭🇺 Hungary | 17.9% |
| 🇬🇧 United Kingdom | 13.6% |
| 🇵🇱 Poland | 12.7% |
| 🇧🇩 Bangladesh | 12.54% |
| 🇧🇪 Belgium | 11.43% |
| 🇪🇺 European Union | 10.68% |
| 🇪🇸 Spain | 10.52% |
| 🇮🇳 India | 9.94% |
| 🇦🇹 Austria | 9.82% |
| 🇪🇪 Estonia | 9.7% |
| 🇵🇭 Philippines | 9.7% |
| 🇫🇷 France | 9.6% |
| 🇳🇱 Netherlands | 9.6% |
| 🇩🇪 Germany | 9.08% |
| 🇸🇪 Sweden | 9.02% |
| 🇳🇴 Norway | 8.95% |
| 🇮🇹 Italy | 8.7% |
| 🇯🇵 Japan | 8.6% |
| 🇺🇦 Ukraine | 8.4% |
| 🇮🇪 Ireland | 8.2% |
| 🇿🇦 South Africa | 8% |
| 🇨🇱 Chile | 7.92% |
| 🇨🇿 Czechia | 7.9% |
| 🇦🇺 Australia | 7.5% |
| 🇵🇹 Portugal | 6.85% |
| 🇨🇦 Canada | 6.8% |
| 🇫🇮 Finland | 6.8% |
| 🇲🇽 Mexico | 6.77% |
| 🇰🇷 South Korea | 5.12% |
| 🇩🇰 Denmark | 5% |
| 🇸🇬 Singapore | 4.8% |
| 🇺🇸 United States | 4.3% |
| 🇮🇩 Indonesia | 4.17% |
| 🇨🇭 Switzerland | 3.8% |
| 🇷🇺 Russia | 3.58% |
| 🇦🇪 UAE | 3.33% |
| 🇻🇳 Vietnam | 2.87% |
| 🇭🇰 Hong Kong | 2.2% |
| 🇵🇦 Panama | 2.02% |
| 🇧🇷 Brazil | 1.09% |
| 🇶🇦 Qatar | 0.84% |
| 🇸🇦 Saudi Arabia | 0.36% |
| 🇨🇳 China | -1.7% |
| 🇦🇲 Armenia | -4% |
| 🇦🇫 Afghanistan | -11.2% |
| 🇸🇸 South Sudan | -18.4% |
As shown in the table above, food inflation varies significantly from country to country. While some nations like Venezuela and Lebanon grapple with hyperinflation in food prices, others like China and Saudi Arabia experience deflation, where food prices are decreasing. Understanding the causes and consequences of these trends is crucial for policymakers and citizens alike, as food inflation directly impacts the affordability and accessibility of basic necessities.
