Top 25 Countries with Highest Food Price Inflation (2024)

In 2024, many countries faced severe challenges with food price inflation, affecting millions of households globally. Rising food costs are influenced by global supply chain disruptions, geopolitical tensions, climate change, and currency depreciation. This article lists the top 20 countries with the highest food price inflation as of December 2024, based on the latest global data.

Global Food Inflation Trends and Implications

• Argentina tops the list with an alarming 94.7% inflation rate, driven by economic instability and currency devaluation.
• Palestine follows with 80%, impacted by regional conflicts and supply chain barriers.
• Several African nations, including Nigeria, Burundi, and Angola, feature prominently, reflecting broader economic vulnerabilities.
• Even the world average food inflation stood at 28.4%, highlighting a global crisis in food affordability.

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What Drives Food Price Inflation?

1. Currency depreciation: Weak local currencies increase import costs.
2. Conflict and political instability: Ongoing conflicts disrupt food supply chains.
3. Climate change: Extreme weather affects agricultural output.
4. Global supply chain disruptions: Increased costs and delays ripple across borders.

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Future Outlook

Experts predict that food inflation pressures may persist into 2025 unless:

• Global supply chains stabilize
• Inflation control policies are enacted
• Climate-resilient agriculture gains investment

Ranking of Capital Cities by Population (2018)

Rank	Country	Food price inflation in Dec 2024
1	Argentina	94.7%
2	Palestine (West Bank and Gaza)	80%
3	Turkiye	43.6%
4	Nigeria	39.8%
5	Burundi	36.7%
6	Haiti	36.2%
7	Angola	30.5%
8	World	28.4%
9	Ghana	27.8%
10	Lebanon	22.2%
11	Egypt, Arab Rep.	20.3%
12	Lao PDR	17.2%
13	Nepal	15.8%
14	Bolivia	15.4%
15	South Asia	14.9%
16	Guinea	14.3%
17	Ukraine	14.2%
18	Sierra Leone	13.9%
19	Sao Tome and Principe	13.2%
20	Bangladesh	12.9%
21	Mozambique	10.3%
22	Burkina Faso	8.9%
23	Mongolia	8.9%
24	Chad	8.5%
25	Jamaica	8.1%
26	Albania	7.8%
27	Brazil	7.7%
28	India	7.7%
29	Guinea-Bissau	7.7%
30	Cyprus	7.6%
31	Moldova	7.4%
32	Mauritius	7.2%
33	Tunisia	7.2%
34	Samoa	6.8%
35	New Caledonia	6.3%
36	Japan	6.3%
37	Niger	6%
38	Belarus	5.9%
39	Namibia	5.9%
40	Mali	5.9%
41	Rwanda	5.7%
42	Lesotho	5.6%
43	North Macedonia	5.6%
44	Azerbaijan	5.5%
45	Latvia	5.5%
46	Kyrgyz Republic	5.4%
47	Estonia	5.4%
48	Uruguay	5.3%
49	Paraguay	5.3%
50	St. Vincent and the Grenadines	5.2%
51	Croatia	5.1%
52	Belize	5%
53	Kuwait	5%
54	Maldives	5%
55	Bosnia and Herzegovina	4.9%
56	Papua New Guinea	4.8%
57	Poland	4.7%
58	Botswana	4.7%
59	Denmark	4.7%
60	Hungary	4.7%
61	Kenya	4.4%
62	Bhutan	4.3%
63	Iceland	4.1%
64	Norway	4%
65	Serbia	4%
66	Viet Nam	3.9%
67	Guatemala	3.8%
68	Equatorial Guinea	3.8%
69	Solomon Islands	3.7%
70	Georgia	3.6%
71	Puerto Rico	3.5%
72	Trinidad and Tobago	3.5%
73	Philippines	3.4%
74	Portugal	3.4%
75	Colombia	3.3%
76	Nicaragua	3.2%
77	Dominican Republic	3.1%
78	Netherlands	3%
79	Cook Islands	3%
80	Australia	3%
81	Bulgaria	2.8%
82	South Africa	2.8%
83	Malaysia	2.7%
84	French Guiana	2.7%
85	Slovenia	2.6%
86	Costa Rica	2.6%
87	Germany	2.6%
88	Aruba	2.6%
89	Korea, Rep.	2.5%
90	Jordan	2.5%
91	Slovak Republic	2.4%
92	Reunion	2.2%
93	Italy	2.1%
94	Martinique	2.1%
95	Ireland	2%
96	United Kingdom	2%
97	Canada	1.9%
98	North America	1.9%
99	United States	1.9%
100	Belgium	1.8%
101	Spain	1.8%
102	Sweden	1.7%
103	Czechia	1.7%
104	Singapore	1.6%
105	Austria	1.6%
106	Guadeloupe	1.5%
107	Honduras	1.5%
108	Fiji	1.4%
109	Lithuania	1.4%
110	Indonesia	1.3%
111	Seychelles	1.3%
112	Algeria	1.2%
113	Malta	1.2%
114	Gabon	1.2%
115	Kazakhstan	1.1%
116	Andorra	1%
117	Mauritania	1%
118	Cote d’Ivoire	1%
119	Saudi Arabia	0.8%
120	Morocco	0.6%
121	Aland Islands	0.6%
122	Peru	0.6%
123	Finland	0.5%
124	Macao SAR, China	0.5%
125	Luxembourg	0.5%
126	Montenegro	0.3%
127	Pakistan	0.3%
128	Uganda	0.2%
129	Palau	0.1%
130	French Polynesia	0.1%
131	Ecuador	0.1%
132	Timor-Leste	0.1%
133	France	0%
134	Bahrain	-0.2%
135	Greece	-0.3%
136	China	-0.4%
137	Hong Kong SAR, China	-0.6%
138	Suriname	-0.8%
139	Djibouti	-0.9%
140	Switzerland	-0.9%
141	Sri Lanka	-1%
142	Tonga	-1.1%
143	Brunei Darussalam	-1.2%
144	Somalia	-1.5%
145	Benin	-1.9%
146	Qatar	-2.2%
147	Afghanistan	-4.5%
148	Anguilla	0%
149	United Arab Emirates	0%
150	Armenia	0%
151	Antigua and Barbuda	0%
152	Bahamas, The	0%
153	Bermuda	0%
154	Barbados	0%
155	Chile	0%
156	Cameroon	0%
157	Congo, Dem. Rep.	0%
158	Congo, Rep.	0%
159	Comoros	0%
160	Cabo Verde	0%
161	Curacao	0%
162	Cayman Islands	0%
163	Dominica	0%
164	Ethiopia	0%
165	Micronesia, Fed. Sts.	0%
166	Gambia, The	0%
167	Grenada	0%
168	Greenland	0%
169	Guam	0%
170	Iran, Islamic Rep.	0%
171	Iraq	0%
172	Cambodia	0%
173	Kiribati	0%
174	St. Kitts and Nevis	0%
175	Liberia	0%
176	Libya	0%
177	St. Lucia	0%
178	Madagascar	0%
179	Mexico	0%
180	Myanmar	0%
181	Montserrat	0%
182	Malawi	0%
183	New Zealand	0%
184	Oman	0%
185	Panama	0%
186	Romania	0%
187	Russian Federation	0%
188	Sudan	0%
189	Senegal	0%
190	El Salvador	0%
191	San Marino	0%
192	South Sudan	0%
193	Eswatini	0%
194	Syrian Arab Republic	0%
195	Togo	0%
196	Thailand	0%
197	Tajikistan	0%
198	Tanzania	0%
199	Uzbekistan	0%
200	Venezuela, RB	0%
201	British Virgin Islands	0%
202	Vanuatu	0%
203	Yemen, Rep.	0%
204	Zambia	0%
205	Zimbabwe	0%

Source:

World Bank. Food price inflation