Sri Lanka ranks fifth place in food price inflation

According to a latest data report released by the World Bank, Sri Lanka is among the five countries with the highest food inflation, according to the World Bank.

Lebanon, Zimbabwe, Venezuela and Turkey are the other countries in the lead.

Information from the latest month between April and July 2022 for which food price inflation data are available shows high inflation in almost all low and middle-income countries; 92.9 percent of low-income countries, 92.7 percent of lower-middle-income countries, and 89 percent of upper-middle-income countries have seen inflation levels above 5 percent, with many experiencing double-digit inflation.