According to the World of Statistics, data on food inflation showed a drastic increase in inflation rate in many countries such as Lebanon, Turkey, Pakistan, and many other countries. Lebanon is at the top with 352% food inflation this year.
Statistics show that the inflation rate in Lebanon is increased by 352% which shows a high rate of poverty too. And the rate of food inflation in Venezuela is 158%.
When we look at Argentina and Zimbabwe, we see that their inflation rate is increased by 110% and 102% respectively.
In Turkey due to earthquakes and other reasons, inflation is increased by 53.92%. Reasons for poverty vary from country to country but they all had devastating impacts on their economy.
PakistanCost of food in Pakistan increased 48.07 percent in April of 2023 over the same month in the previous
While food prices generally increased about 2% in prior years, they increased about 11% from 2021 to 2022.
Inflation contributed to the increase in poverty. But there were other factors—like global disruptions to the food supply chain—that may have had a greater impact. And not everyone felt this increase the same way.
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