The proportion of high-income countries with high inflation has also increased considerably, with about 85.7% experiencing high food price inflation.

Since the last update published on august 11, 2022, the agricultural price index has remained relatively stable and is currently only 1 point higher. Wheat, corn and rice prices are 17%, 29% and 6% higher, respectively, than in september 2021.

Corn and wheat prices are 31% and 34% higher, respectively, than in january 2021, and rice prices are 15% lower.

As part of a global and comprehensive response to the current food security crisis, the World Bank Group is making available up to US$30 billion over a 15-month period for areas such as agriculture, nutrition, social protection, water and irrigation.

These funds will finance efforts to encourage food and fertilizer production, improve food systems, facilitate increased trade, and support vulnerable households and producers:

A $500 million Emergency Support Project to Enhance Food Security and Resilience aimed at boosting Egypt's efforts to ensure that poor and vulnerable households have uninterrupted access to bread.