Lebanon’s annual inflation rate surged to an eight-month high of 189.67 percent in February 2023 from 123.53 percent in the previous month due to a sharp devaluation of the Lebanese pound. Lebanon’s Central Bank devalued the country’s currency by 90% on February 1st, 2023, a key condition of the International Monetary Fund for a bailout package for Lebanon. Cost increased further for housing & utilities (77.93 percent vs 56.28 percent in January), transport (196.76 percent vs 135.21 percent), furnishings, household equipment & routine maintenance (266.06 percent vs 110.39 percent), and health (315.46 percent vs 175.95 percent). Meanwhile, food & non-alcoholic beverages climbed to an eight-month high of 260.54 percent in February from January’s 33-month low of 138.47 percent. On a monthly basis, consumer prices jumped 25.52 percent in February, the most on record since 2013, after an 8.43 percent rise in January. source: Central Administration of Statistics, Republic of Lebanon
Inflation Rate in Lebanon averaged 34.61 percent from 2008 until 2023, reaching an all time high of 239.69 percent in January of 2022 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 March of 2023.
Inflation Rate in Lebanon is expected to be 120.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.