The 2022 Poverty and Prosperity Report provides the first comprehensive analysis of the pandemic’s toll on poverty in developing countries and of the role of fiscal policy in protecting vulnerable groups. It also finds that global progress in poverty reduction has ground to a halt and calls for an urgent course correction by policymakers.
Our newest update from Oct. 3 shows that domestic food price inflation remains high around the world. Furthermore, in September, average wheat prices were 20% higher, maize was 29% higher, and rice was 8% higher than one year prior.
Find out more about the macro-economic trends in each region in our latest economic updates for Africa, East Asia and the Pacific (EAP), Europe and Central Asia (ECA), Latin America and the Caribbean (LAC), the Middle East and North Africa (MENA), and South Asia (SAR).