Average food price inflation was highest in low-income countries in 2023 when compared to the rest of the world. When compared to the previous year, food prices were almost 30 percent higher in September and October of 2023 in low-income countries. This figure stood at 3.8 percent for high income countries.
Average year-over-year food price inflation worldwide in 2023, by country income classification
World Bank's classification:
LICs = Low-income countries
LMICs = Lower-middle-income countries
UMICs = Upper-middle-income countries
HICs = High-income countries
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International Food Policy Research Institute. (December 4, 2023). Average year-over-year food price inflation worldwide in 2023, by country income classification [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1427782/food-price-inflation-worldwide-by-country-type/
International Food Policy Research Institute. "Average year-over-year food price inflation worldwide in 2023, by country income classification ." Chart. December 4, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1427782/food-price-inflation-worldwide-by-country-type/
International Food Policy Research Institute. (2023). Average year-over-year food price inflation worldwide in 2023, by country income classification . Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1427782/food-price-inflation-worldwide-by-country-type/
International Food Policy Research Institute. "Average Year-over-year Food Price Inflation Worldwide in 2023, by Country Income Classification ." Statista, Statista Inc., 4 Dec 2023, https://www.statista.com/statistics/1427782/food-price-inflation-worldwide-by-country-type/
International Food Policy Research Institute, Average year-over-year food price inflation worldwide in 2023, by country income classification Statista, https://www.statista.com/statistics/1427782/food-price-inflation-worldwide-by-country-type/ (last visited December 23, 2024)
Average year-over-year food price inflation worldwide in 2023, by country income classification [Graph], International Food Policy Research Institute, December 4, 2023. [Online]. Available: https://www.statista.com/statistics/1427782/food-price-inflation-worldwide-by-country-type/
