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.

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Lebanon Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-22 01:30 AM Jan 123.53% 121.99% 112.0%
2023-03-22 01:45 AM Feb 189.67% 123.53% 120.0%
2023-04-24 08:00 AM Mar 189.67% 120.0%


Related Last Previous Unit Reference
Inflation Rate 189.67 123.53 percent Feb 2023
Consumer Price Index CPI 2784.13 2217.99 points Feb 2023
Inflation Rate MoM 25.52 8.43 percent Feb 2023
Food Inflation 260.54 138.47 percent Feb 2023
CPI Transportation 6439.72 5090.24 points Feb 2023
CPI Housing Utilities 472.50 419.17 points Feb 2023

Lebanon Inflation Rate
In Lebanon, the most important categories in the consumer price index are housing, water, electricity, gas and other fuels (28 percent of the total weight); food and non-alcoholic beverages (20 percent); and transport (13 percent). The index also includes: health (8 percent); education (7 percent); clothing and footwear (5 percent); and communication (5 percent). Furnishings, household equipment and maintenance, alcoholic beverages and tobacco, recreation, amusement and culture, restaurants and hotels, and other goods and services account for the remaining 15 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
189.67 123.53 239.69 -4.67 2008 - 2023 percent Monthly
2013=100

News Stream
Lebanon Inflation Rate at 8-Month High
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.
2023-03-22
Lebanon Inflation Rate Rises to 123.53% in January
Lebanon’s annual inflation rate increased to 123.53 percent in January 2023, up from an 18-month low of 121.99 in December 2022, due mainly to faster rises in prices of housing and transport. Inflation accelerated for housing & utilities (56.28 percent vs 52.88 percent in the previous month), transport (135.21 percent vs 127.22 percent), furnishings, household equipment & routine maintenance (110.39 percent vs 102.47 percent), and health (175.95 percent vs 167.46 percent). Meanwhile, it dropped for food & non-alcoholic beverages to a 33-month low of 138.47 percent from 142.94 percent. On a monthly basis, consumer prices were up 8.43 percent in January, the most in three months, beating the prior 6.73 percent gain.
2023-02-22
Lebanon Inflation Rate Falls to 18-Month Low
Lebanon’s annual inflation rate eased for the second straight month to a 1-1/2 year low of 121.99 percent in December 2022 from 142.37 percent in November 2022, amid softer rises in prices of food, transport, and housing. Food & non-alcoholic beverages inflation fell to a 32-month low of 142.94 percent from 171.24 percent in the previous period. Also, costs grew slower for housing & utilities (52.88 percent vs 74.00 percent in November), transport (127.22 percent vs 181.64 percent), furnishings, household equipment and routine maintenance (102.47 percent vs 113.32 percent), and health (167.46 percent vs 171.75 percent). Monthly, consumer prices went up 6.73 percent in December, accelerating from the prior 3.74 percent gain.
2023-01-24