Lebanon's consumer price inflation rate declined to 100.6 percent year-on-year in June 2021, the lowest since June last year, from 119.8 percent in the previous month, due mainly to a softer rise in prices of both food (221.8 percent vs 226.1 percent) and transportation (195.4 percent vs 255.8 percent). Also, prices increased less for clothing and footwear (172.1 percent vs 302.8 percent), furnishings, household equipment and routine maintenance (196.0 percent vs 446.4 percent), restaurant and hotels (237.0 percent vs 293.9 percent), miscellaneous goods and services (125.7 percent vs 219.1 percent) and recreation, amusement, and culture (108.6 percent vs 166.2 percent). Meanwhile, prices of housing continued to rise (38.0 percent vs 34.7 percent). On a monthly basis, consumer prices advanced 9.7 percent in June, the most in 11 months, accelerating from a 6.1 percent gain in May. source: Central Administration of Statistics, Republic of Lebanon
Inflation Rate in Lebanon averaged 14.35 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 July of 2021.
Inflation Rate in Lebanon is expected to be 75.00 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 15.00 in 12 months time. In the long-term, the Lebanon Inflation Rate is projected to trend around 15.00 percent in 2022, according to our econometric models.