Ghana among top 10 countries with high food inflation according to the latest World Bank Food Security Update for January.
Food inflation for each country is based on the latest month from September to December 2022 for which the food component of
the Consumer Price Index (CPI) and overall CPI data are available.
According to the report, since its last update on December 13, 2022, agricultural, cereal, and export prices have remained relatively stable.
Details of the report below:
• Domestic food price inflation continues to remain high in almost all countries.
• The global economy is projected to grow by 1.7 percent in 2023 and 2.7 percent in 2024.
• Global food prices are expected to remain high.
• Countries that experience food crises absorb the largest volume of humanitarian financing.
• High fertilizer prices have become a significant obstacle to food production in many low-income countries.
• Food inflation during pregnancy and in the first years of a child’s life is associated with greater risk of child wasting in the short run and stunting in the long run.
Source:Mybrytfmonline.com/Kwabena Nyarko Abronoma
