Sri Lanka ranks 5th among the 10 countries with highest food price inflation
Sri Lanka ranked 5th among the 10 countries with the highest food price inflation as per the latest World Bank assessment.
According to World Bank assessment, Lebanon, Zimbabwe, Venezuela, and Turkey ranked first in four countries.
The World Bank said that record high food prices have triggered a global crisis that will drive millions more into extreme poverty, hunger and malnutrition.
Rising food prices have a greater impact on people in low- and middle-income countries since they spend a larger share of their income on food than people in high-income countries.