Lebanon's annual inflation rate soared to 112.39 percent in July of 2020 from 89.74 percent in the previous month, due to the escalating economic and financial crisis, the ongoing sharp depreciation in the Lebanese pound and political meltdown after a devastating blast in Beirut earlier this month. It is the highest inflation since the aftermath of the country’s civil war three decades ago. Prices advanced faster for housing & utilities (11.6% vs 3.6% in June); food & non-alcoholic beverages (336% vs 247%); transport (93.4% vs 84.7%); health (14.7% vs 10.5%); clothing & footwear (408.9% vs 344.8%); communication (98.6% vs 83.4%); furnishing & household equipment (516.6% vs 412.4%); recreation & culture (142.8% vs 132.9%); restaurant & hotels (472.9% vs 342.5%); and miscellaneous goods & services (234% vs 190.5%). On a monthly basis, consumer prices rose 11.4 percent, after jumping 20.2 percent in the previous month.

Inflation Rate in Lebanon averaged 5.13 percent from 2008 until 2020, reaching an all time high of 112.39 percent in July of 2020 and a record low of -4.67 percent in September of 2015. This page provides the latest reported value for - Lebanon Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Lebanon Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.

Inflation Rate in Lebanon is expected to be 115.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Lebanon to stand at 53.00 in 12 months time. In the long-term, the Lebanon Inflation Rate is projected to trend around 25.00 percent in 2021 and 15.00 percent in 2022, according to our econometric models.

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Lebanon Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
112.39 89.74 112.39 -4.67 2008 - 2020 percent Monthly
2013=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-15 01:50 AM Apr 46.55% 17.46% 9.5%
2020-07-03 03:00 AM May 56.53% 46.55% 46.1%
2020-07-22 01:10 AM Jun 89.74% 56.53% 50%
2020-08-26 10:30 AM Jul 112.39% 89.74% 101%
2020-09-23 10:00 AM Aug 112.39% 105%
2020-11-04 10:00 AM Sep 115%
2020-12-02 10:00 AM Oct
2020-12-20 10:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Lebanon Inflation Rate Climbs Above 100%
Lebanon's annual inflation rate soared to 112.39 percent in July of 2020 from 89.74 percent in the previous month, due to the escalating economic and financial crisis, the ongoing sharp depreciation in the Lebanese pound and political meltdown after a devastating blast in Beirut earlier this month. It is the highest inflation since the aftermath of the country’s civil war three decades ago. Prices advanced faster for housing & utilities (11.6% vs 3.6% in June); food & non-alcoholic beverages (336% vs 247%); transport (93.4% vs 84.7%); health (14.7% vs 10.5%); clothing & footwear (408.9% vs 344.8%); communication (98.6% vs 83.4%); furnishing & household equipment (516.6% vs 412.4%); recreation & culture (142.8% vs 132.9%); restaurant & hotels (472.9% vs 342.5%); and miscellaneous goods & services (234% vs 190.5%). On a monthly basis, consumer prices rose 11.4 percent, after jumping 20.2 percent in the previous month.
2020-08-26
Lebanon Inflation Rate Hits Fresh Record High
Lebanon's annual inflation rate surged to 89.74 percent in June of 2020, the highest rate since the series began in December of 2008, from 56.53 percent in the previous month, due to the escalating economic crisis and its collapsing currency amid political crisis. Prices rose faster mostly for food & non-alcoholic beverages (246.62% vs 189.84% in May); transport (84.69% vs 30.19%); clothing & footwear (344.81% vs 171.49%); restaurant & hotels (342.45% vs 240.45%); furnishings, household equipment and routine household maintenance (412.40% vs 143.83%), alcoholic beverages & tobacco (254.05% vs 203.11%), while housing & utilities prices rebounded sharply (3.55% vs -2.41%). On a monthly basis, consumer prices jumped 20.21 percent, after a 6.94 percent gain in May.
2020-07-22
Lebanon Inflation Rate Hits Fresh Record High
Lebanon's annual inflation rate rose to 56.53 percent in May of 2020, the highest rate since the series began in December of 2008, from 46.55 percent in the previous month, due to the ongoing sharp depreciation in the Lebanese pound amid economic crisis. Prices increased faster mostly for food & non-alcoholic beverages (189.84% vs 150.30% in May); transport (30.19% vs 27.72%); clothing & footwear (171.49% vs 135.09%). restaurant & hotels (240.45% vs 123.71%); furnishings, household equipment and routine household maintenance (143.83% vs 91.99%), alcoholic beverages & tobacco (203.11% vs 167.42%). By contrast, housing & utilities prices continued to fall (-2.41% vs -1.12%). On a monthly basis, consumer prices rose 6.94 percent, after a 25.36 percent jump in April.
2020-07-03
Lebanon Inflation Rate Highest on Record
Lebanon's annual inflation rate increased to 46.55 percent in April of 2020, the highest rate since the series began in December of 2008, from 17.46 percent in the previous month, as the country faces its worst economic crisis in decades due to the collapsing pound currency. Prices rose faster mostly for food & non-alcoholic beverages (150.30% vs 38.19% in March); transport (27.72% vs 27.43%); alcoholic beverages & tobacco (167.42% vs 45.90%) and clothing & footwear (135.09% vs 33.93%). Meanwhile, housing & utilities prices fell (-1.12% vs 1.86%). On a monthly basis, consumer prices jumped 25.36 percent.
2020-06-15

Lebanon Inflation Rate
In Lebanon, the most important categories in the consumer price index are housing, water, electricity, gas and other fuels (28.5 percent of the total weight) and food and non-alcoholic beverages (20.6 percent of the total weight) and transport (13.1 percent). The index also includes: health (7.8 percent); education (5.9 percent); clothing and footwear (5.4 percent) and communication (4.6 percent). Furnishings, alcoholic beverages and tobacco, recreation and cultural activities, hotels, restaurants and other goods and services account for the remaining 14 percent of total weight.