Top 10 African countries with the lowest food inflation mid-2024

Due to having several developing countries, high food inflation is particularly problematic for people, communities, and countries in Africa. Conversely, low food prices enhance the efficiency of an economy by preventing consumers from using all of their spare cash on the most fundamental goods. Fortunately, food inflation in several African countries is low.

In 2023, several African nations went through some kind of food crisis. A number of the continent’s regions experienced food shortages due to inadequate local production or challenges obtaining food due to internal and foreign economic problems.

This issue has been exasperated in some African countries since the start of the year, while it has eased in others. However, for most of the 10 African countries with the lowest food inflation, at the start of the year, there has been some increase.

According to the World Bank’s latest Food Security Update, last updated on July 1, 2024, some African countries still have very high food inflation.

“Domestic food price inflation remains high in many low- and middle-income countries. Inflation higher than 5% is experienced in 59.1% of low-income countries (no change since the last update on May 30, 2024), 63% of lower-middle-income countries (no change), 36% of upper-middle-income countries (5.0 percentage points higher), and 10.9 percent of high-income countries (3.6 percentage points lower),” the World Bank states.

“In real terms, food price inflation exceeded overall inflation in 46.7% of the 167 countries where data is available,” the global lender adds.

With that said here are the 10 African countries with the best food situation on the continent.

The figures represent food inflation for April and May, the last update on the Food inflation figures from the World Bank’s Food security report.