Lebanon's consumer price inflation rate jumped to 137.8 percent year-on-year in August 2021, the highest since March, from 123.4 percent in the previous month, due mainly to a faster rise in prices of housing (47.4 percent vs 40.9 percent), food (290.4 percent vs 248.1 percent) and transportation (290.6 percent vs 252.6 percent), amid further depreciation of the Lebanese pound. Also, prices increased more for clothing and footwear (205.5 percent vs 184.2 percent), restaurant and hotels (281.8 percent vs 245.8 percent), miscellaneous goods and services (128.5 percent vs 136.4 percent). Meanwhile, prices continued to rise for furnishings, household equipment and routine maintenance (147.6 percent vs 179.0 percent), miscellaneous goods and services (128.5 percent vs 136.4 percent) and recreation, amusement, and culture (115.1 percent vs 115.2 percent). On a monthly basis, consumer prices went up 10.3 percent in August, easing from a 24.1 percent rise in July. source: Central Administration of Statistics, Republic of Lebanon
Inflation Rate in Lebanon averaged 15.69 percent from 2008 until 2021, reaching an all time high of 157.90 percent in March of 2021 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 October of 2021.
Inflation Rate in Lebanon is expected to be 44.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lebanon Inflation Rate is projected to trend around 15.00 percent in 2022, according to our econometric models.