Lebanon is worst-hit by food inflation after food grain store explosion in Beirut in 2020
Rice has increased in cost over recent months, but from a low level during the pandemic that bucked the trend of historically high price levels for wheat, barley and maize.after an increase in the cost of imported food and energy threatened to undermine the south Asian countries finances.
Sri Lanka has already asked for a bailout from the Washington-based fund after running out of cash to buy vital imports, while a deal with Pakistan for a $6bn IMF loan was revived in June. However, the World Bank said the shock increase in food prices over recent months was affecting most economies,“The share of high-income countries with high inflation has also increased sharply, with about 78.6% experiencing high food price inflation.
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