Food prices soaring in developing world amid Ukraine crisis, World Bank finds

Lebanon is worst-hit by food inflation after food grain store explosion in Beirut in 2020

Food inflation has soared across much of the developing world since Russia’s invasion of Ukraine and has trapped several richer countries in a cycle of rising prices, a report by the World Bank has found.

The Washington-based development organisation said the war in eastern Europe would hit many countries with an increase in food bills worth more than 1% of their annual national income (GDP), while others would fail to contain the impact and be plunged into a full-blown debt crisis.

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