Cost of food in Lebanon increased 0.58 percent in August of 2019 over the same month in the previous year. Food Inflation in Lebanon averaged 3.30 percent from 2009 until 2019, reaching an all time high of 15.08 percent in January of 2009 and a record low of -3.30 percent in October of 2009.
Food Inflation in Lebanon is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Lebanon to stand at 1.20 in 12 months time. In the long-term, the Lebanon Food Inflation is projected to trend around 2.90 percent in 2020, according to our econometric models.