Moldova ranks 10th in the world ranking of countries in terms of nominal food inflation with an index of 34% - WB.
The World Bank Such has provided information, noting that the rating was based on data provided by the International Monetary Fund, Haver Analytics and Trading Economics as of July 2022. According to the rating, the top 10 countries with nominal food inflation rate are: Lebanon - 332%, Zimbabwe - 309%, Venezuela - 155%, Turkey - 95%, Sri Lanka - 91%, Iran - 90%, Argentina - 66%, Suriname - 38%, Ethiopia - 38% and Moldova - 34%. WB experts noted that record high food prices have triggered a global crisis that will push millions of people into extreme poverty, exacerbating hunger and malnutrition, threatening to wipe out hard-won development gains. The war in Ukraine, supply chain disruptions, and the ongoing economic impact of the COVID-19 pandemic are wiping out years of development gains and pushing food prices to record highs. Rising food prices are having a greater impact on people in low- and middle-income countries because they spend a greater share of their income on food than people in high-income countries. As InfoMarket reported earlier, according to the National Bureau of Statistics, monthly inflation in Moldova was 1.39% in July 2022, and 21.84% from January to July 2022. Annual inflation (for the last 12 months) in July was 33.55%, with foodstuffs up 36.4%, non-foods up 24.17%, and tariffs for services provided to the population up 43.51% over the year. // 19.08.2022- InfoMarket.
