10 Countries with the highest food inflation rate in 2023

By Editorji News Desk
Published on | Nov 07, 2023

Venezuela

Venezuela is the most expensive country for food, with prices substantially higher than anywhere else in the world. Inflation is a staggering 471%.

What's is India's position

As per data, India is ranked 16th with 9.94% food inflation

Lebanon

Lebanon ranks second with food inflation at 350%

Argentina

Argentina is third on the list with a food inflation rate of 115%

Zimbabwe

Zimbabwe holds the fourth position, experiencing a food inflation rate of 102%

Iran

Iran is fifth, with food inflation at 78.5%

Egypt

Egypt is sixth with a food inflation rate of 54.7%

Turkey

Turkey follows in seventh place, with food inflation at 52.5%

Pakistan

Pakistan ranks eighth, with a food inflation rate of 48.65 percent

Hungary

As of September 2023, food prices had increased by 13.2 percent in Hungary

Nigeria

Nigeria's annual inflation surged to a 20-year high of 27% in September, reflecting a growing cost-of-living crisis in the country's largest economy

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