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.
Inflation Rate in Lebanon averaged 3.66 percent from 2008 until 2020, reaching an all time high of 56.53 percent in May 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 August of 2020.
Inflation Rate in Lebanon is expected to be 15.00 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 1.50 in 12 months time. In the long-term, the Lebanon Inflation Rate is projected to trend around 2.40 percent in 2021, according to our econometric models.