Friday September 21 2018
Lebanon Inflation Rate at 6.70 percent
Annual inflation rate in Lebanon decreased to 6.7 percent in August of 2018 from 7.6 percent in the previous month. It was the lowest inflation rate since May, as prices slowed for housing & utilities (8.6 percent from 9.3 percent in July), particularly water, electricity, gas & other fuels (14.6 percent from 17 percent). Additionally, cost went up at a softer pace for food & non-alcoholic beverages (5.6 percent from 6 percent); transport (11.4 percent from 12.9 percent); health (4.4 percent from 5.9 percent); clothing & footwear (10.8 percent from 14.6 percent); miscellaneous goods & services (2.3 percent from 2.5 percent); furniture & household equipment (1.9 percent from 2.9 percent) and restaurant & hotels (3.3 percent from 3.5 percent). Meanwhile, inflation was steady for education (4.1 percent, the same as in July); communication (1 percent) and recreation & culture (7.8 percent). On a monthly basis, consumer prices went up 0.2 percent, after a 0.2 percent drop in July.