Thursday, August 14, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Top 5 African countries with the lowest grocery prices at the end of 2024

Simon Osuji by Simon Osuji
December 10, 2024
in Business
0
Top 5 African countries with the lowest grocery prices at the end of 2024
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

In Africa, where many countries are working to achieve equitable growth and enhance residents’ quality of life, grocery prices significantly impact economic and social consequences.

Low grocery prices immediately contribute to food security, which is a fundamental component of national stability.

More people will have access to the essential nutrients required for a healthy lifestyle thanks to reasonably priced foods.

Low pricing can help close the gap between scarcity and abundance in areas where food insecurity is still a major problem, lowering hunger and promoting residents’ physical and mental health.

For the Africans living below the poverty line, food is sometimes a considerable component of family expenses.

As a result, expensive grocery prices can force families deeper into impoverished circumstances, requiring them to make difficult decisions between food, and other basic amenities such as healthcare, and education.

Additionally, affordable groceries help to promote equity in society by closing the gap between various socioeconomic groups.

A grocery store in Egypt

High food costs disproportionately impact low-income households, creating inequality and societal instability. In contrast, low rates even the playing field, ensuring that all residents, regardless of economic standing, have access to basic needs.

With that said, here are the 5 African countries where buying groceries is cheap according to Numbeo, which provides an estimation of grocery prices in a city relative to New York City.

Numbeo computes this index for every city using item weights from the “Markets” section.

Related posts

Egypt issues a stern warning to Ethiopia, promising to take action under international law

Egypt issues a stern warning to Ethiopia, promising to take action under international law

August 13, 2025
Shiba Inu Price Target Surges as Shibarium Hits $1.5B

Shiba Inu Price Target Surges as Shibarium Hits $1.5B

August 13, 2025

Top 5 African countries with the lowest grocery prices at the end of 2024

Rank Country Grocery index

1.

Egypt

21.2

2.

Libya

22.2

3.

Madagascar

24.1

4.

Tanzania

25.4

5.

Uganda

29.3

Source link

Previous Post

Nigerian Air Force acquires ex-French Alpha Jets

Next Post

Mandhu College Launches TrueConf-Powered Distance Learning Platform | IT News Africa

Next Post
Mandhu College Launches TrueConf-Powered Distance Learning Platform | IT News Africa

Mandhu College Launches TrueConf-Powered Distance Learning Platform | IT News Africa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

What BRICS Currencies and Gold Alternatives Mean for the Dollar

What BRICS Currencies and Gold Alternatives Mean for the Dollar

2 years ago
Exxon Mobil to exit Equatorial Guinea after nearly three decades

Exxon Mobil to exit Equatorial Guinea after nearly three decades

2 years ago
Chinese company to build Morocco’s first $1.3 billion EV battery gigafactory

Chinese company to build Morocco’s first $1.3 billion EV battery gigafactory

1 year ago
Scientists discover potential cause of genetic mutations linked to Huntington’s disease

Scientists discover potential cause of genetic mutations linked to Huntington’s disease

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.