Highlights on food security:

In domestic currency, food inflation in the region is likely to remain elevated as a result of the continuing pressures on MENA economies’ currencies. In Egypt, year-on-year food inflation reached about 72 percent in August 2023. In

Tunisia and Morocco, food inflation remains high at 15 and 11 percent, respectively. These rates of food inflation are significantly higher than headline inflation, and disproportionately hurt the poorest and most vulnerable households, who tend to spend a larger share of their income on food products.