Lebanon’s consumer prices inflation declined to 3.48 percent year-on-year in May 2019 from 4.01 percent in the previous month. This was the lowest inflation since February, as prices rose at a softer pace for housing & utilities (3.49 pct vs 4.18 pct in April); food and non-alcoholic beverages (4.39 pct vs 5.62 pct); transport (0.64 pct vs 0.87 pct); restaurant & hotels (1.49 pct vs 1.58 pct), and alcoholic beverages & tobacco (0.84 pct vs 0.87 pct). Meantime, prices increased faster for: miscellaneous goods & services (2.23 pct vs 2.19 pct); furnishings & household equipment (5.58 pct vs 4.82 pct), and recreation & culture (6.69 pct vs 6.65 pct). On the other hand, inflation was steady for education (at 5.08 pct). Meanwhile, cost continued to drop for both health (-2.16 pct vs -2.23 pct) and communication (-0.50 pct, the same pace as in April). On a monthly basis, consumer prices went up 0.12 percent, following a 0.47 percent gain in April. Inflation Rate in Lebanon averaged 2.70 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.
Inflation Rate in Lebanon is expected to be 3.90 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 3.00 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.