Countries with the highest inflation on food items have been ranked.
A recent inflation rate released by the National Bureau of Statistics Consumer Price Index said that Nigeria’s inflation has increased to 22.22 per cent.
READ ALSO: Nigeria’s inflation rate increases to 22.22%
The World of Statistics in its latest release also ranked Nigeria high, indicating that food inflation in the West African country is at 24.6%.
However, Venezuela is leading the chart of countries being hit by food inflation with 466%, followed by Lebanon at 352%, Argentina, at 115% Zimbabwe, 102% and Iran, 71.5% making up the top five.
Here’s the full list according to ranking.
Venezuela 426%
Lebanon 352%
Argentina 115%
Zimbabwe 102%
Iran 71.5%
Turkey 53.92%
Pakistan 48%
Hungary 39%
Nigeria 24.6%
Ukraine 22.2%
Poland 20%
United Kingdom 19.1%
Czechia 17.3%
Sweden 17%
Germany 16.8%
Euro Area 16.4%
The Netherlands 15.6%
France 14.9%
South Africa 14%
Spain 12.9%
Italy 12.1%
Mexico 10.05%
Japan 8.4%
Canada 8.3%
Australia 8%
United States 7.7%
Singapore 7.7%
Brazil 5.88%
UAE 5.78%
Switzerland 5.4%
South Korea 5%
Indonesia 4.58%
India 3.84%
Qatar 1.71%
Hong Kong 1.6%
Saudi Arabia 1%
China 0.4%
Russia -0.01%
Niger -0.1%
Liberia -2.47%
South Sudan -23.8%
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