According to the World Bank, Sri Lanka ranks 5th among the countries with the highest food inflation in the world.
According to a World Bank report, Lebanon has the highest food inflation in the world. Zimbabwe, Venezuela and Turkey occupy the second, third and fourth positions respectively.
Meanwhile, the Central Bank announced that the rate of increase in commodity prices in July was 66.7%. It is the highest inflation rate ever recorded in Sri Lanka.
Food prices rose by 82.5% in July. According to the report, the increase in the prices of milk powder, rice, fresh fish, biscuits and chicken meat has mainly contributed to it.
The price increase of non-food goods and services in July was 52.4%.
