The projected average global food inflation rate for this year is 3.2%.
In 2026, the dynamics of food prices will differ significantly depending on the country. In some countries, a sharp jump in costs is expected, while in others the situation will remain relatively calm. According to forecasts, Iran will become the leader in the rate of price growth – here food inflation may reach 55.9% in annual terms. At the same time, Ukraine ranks 15th in the ranking of 160 countries with a projected level of growth in food prices of 9.2%. This is reported by Dengi.ua with reference to the infographic visualcapitalist.com. The PromPolitInform portal informs.
It is noted that Iran has already faced extremely high rates in recent years due to the depreciation of the national currency and prolonged inflationary pressure. These factors are expected to continue to influence the market this year.
Argentina (33.2%) and Turkey (25.1%) are reported to be in second and third place respectively, indicating that the long-term inflationary trend in both countries is continuing.
A number of sub-Saharan African countries are also forecast to experience high inflation rates. In particular, Nigeria could see inflation at 17.1%, Angola at 14.8%, Zambia at 10.8% and Ethiopia at 10.1%. In many of these countries, food price increases are linked to exchange rate volatility, import dependency and supply disruptions.
Overall, the global average food inflation rate is expected to be around 3.2%. However, the regional picture remains mixed. For example, the Middle East and North Africa are projected to see price increases nearly three times the global average.
North America, meanwhile, is closer to the middle of the rankings, with an average price increase of 4.3%. The US is forecast to see an increase of 2.7%, while Canada could see price increases more than double the US average.
At the same time, most countries in the Asia-Pacific region are expected to see relatively modest increases in food prices.
It also notes that despite global food inflation falling to single digits by 2026, regional disparities remain significant. For millions of families in high-inflation countries, food costs are likely to remain a major economic burden over the next year.
TOP-10 countries with the highest growth rates of food prices
Iran 55.9%
Argentina 33.2%
Turkey 25.1%
Haiti 24.1%
Malawi 21.2%
Nigeria 17.1%
Lebanon 14.9%
Angola 14.8%
Kazakhstan 12.7%
Zambia 10.8%
