Lebanon’s annual inflation rate increased to 6.96 percent in December of 2019 from 3.17 percent in the previous month. This was the highest inflation rate since August 2018, as housing & utilities cost rebounded (1.29 percent vs -0.16 percent in November) while prices advanced faster for food & non-alcoholic beverages (9.77 percent vs 3.67 percent) and transport (14.15 percent vs 1.44 percent). Meanwhile, health inflation was steady at 0.05 percent. On a monthly basis, consumer prices went up 2.71 percent, after rising 1.96 percent in the prior month.
Inflation Rate in Lebanon averaged 2.68 percent from 2008 until 2019, reaching an all time high of 11.10 percent in October of 2012 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.
Inflation Rate in Lebanon is expected to be 7.20 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 2.40 in 12 months time. In the long-term, the Lebanon Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.