Lebanon’s annual inflation rate increased to 10.04 percent in January 2020, the highest rate since December 2012, as the country faces its worst economic crisis since the end of the civil war in 1990. The government has already asked for technical assistance from the IMF while the banks' capital controls have failed to stem the flight of capital from the country. The Lebanese pound is officially pegged to the US dollar at a rate of 1,500, but it has weakened to as low as 2,600 against the greenback on the parallel market following October's huge protests against the ruling elite. Prices rose faster for almost all categories including housing & utilities (4.25 percent vs 1.29 percent in December), food & non-alcoholic beverages (14.45 percent vs 9.77 percent) and transport (18.24 percent vs 14.15 percent). By contrast, health prices fell (-0.11 percent vs 0.05 percent). On a monthly basis, consumer prices climbed 2.13 percent, after jumping 2.71 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. Lebanon Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020.

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 2021, according to our econometric models.

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Lebanon Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.04 6.96 11.10 -4.67 2008 - 2020 percent Monthly
2013=100


Calendar GMT Actual Previous Consensus TEForecast
2019-12-03 12:15 AM Oct 1.33% 1.09% 0.1%
2019-12-23 02:15 AM Nov 3.17% 1.33% 1.5%
2020-01-22 01:30 PM Dec 6.96% 3.17% 4.5%
2020-02-26 02:55 AM Jan 10.04% 6.96% 8.3%
2020-04-03 02:00 PM Feb 10.04% 12%
2020-04-27 10:00 AM Mar 11%
2020-05-29 10:00 AM Apr
2020-06-29 10:00 AM May


News Stream
Lebanon Inflation Rate Jumps as Economic Crisis Deepens
Lebanon’s annual inflation rate increased to 10.04 percent in January 2020, the highest rate since December 2012, as the country faces its worst economic crisis since the end of the civil war in 1990. The government has already asked for technical assistance from the IMF while the banks' capital controls have failed to stem the flight of capital from the country. The Lebanese pound is officially pegged to the US dollar at a rate of 1,500, but it has weakened to as low as 2,600 against the greenback on the parallel market following October's huge protests against the ruling elite. Prices rose faster for almost all categories including housing & utilities (4.25 percent vs 1.29 percent in December), food & non-alcoholic beverages (14.45 percent vs 9.77 percent) and transport (18.24 percent vs 14.15 percent). By contrast, health prices fell (-0.11 percent vs 0.05 percent). On a monthly basis, consumer prices climbed 2.13 percent, after jumping 2.71 percent in the prior month.
2020-02-26
Lebanon Inflation Rate Rises to 16-Month High
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.
2020-01-22
Lebanon Inflation Rate at 6-Month High of 3.17%
Lebanon’s annual inflation rate increased to 3.17 percent in November of 2019 from 1.33 percent in the previous month. This was the highest inflation rate since May, as prices increased faster for: food & non-alcoholic beverages prices accelerated (3.67 percent vs 1.18 in October); clothing & footwear prices advanced softer (14.39 percent vs 11.34 percent); health (0.05 percent vs 0.03 percent), while transport prices rebounded sharply (1.44 percent vs -1.45 percent). Meantime, housing & utilities prices continued to decline (-0.16 percent vs -0.8 percent in October). On a monthly basis, consumer prices went up 1.96 percent, after rising 1.36 percent in the prior month.
2019-12-23
Lebanon Inflation Rate at 3-Month High of 1.3%
Lebanon’s annual inflation rate dropped to 1.33 percent in October of 2019 from 1.09 percent in the previous month. It was the highest inflation rate since July, as food & non-alcoholic beverages prices accelerated (1.18 percent vs 0.5 percent in September). In addition, cost fell softer for both housing & utilities (-0.8 percent vs -1.1 percent) and transport (-1.45 percent vs -1.6 percent). On the other hand, health inflation was steady (at 0.03 percent) while clothing & footwear prices advanced softer (11.34 percent vs 13.1 percent). On a monthly basis, consumer prices went up 1.36 percent, after increasing 0.31 percent in the prior month.
2019-12-03

Lebanon Inflation Rate
In Lebanon, the most important categories in the consumer price index are housing, water, electricity, gas and other fuels (28.5 percent of the total weight) and food and non-alcoholic beverages (20.6 percent of the total weight) and transport (13.1 percent). The index also includes: health (7.8 percent); education (5.9 percent); clothing and footwear (5.4 percent) and communication (4.6 percent). Furnishings, alcoholic beverages and tobacco, recreation and cultural activities, hotels, restaurants and other goods and services account for the remaining 14 percent of total weight.