Lebanon's consumer price inflation eased to an 18-month low of 3.17 percent year-on-year in January of 2019 from 3.98 percent in the previous month. Inflation slowed for: housing & utilities (2.83 pct vs 4.24 pct in December); clothing & footwear (7.45 pct vs 9.66 pct); household goods & furnishings (4.67 pct vs 5.03 pct); communication (0.03 percent vs 0.83 pct); and alcoholic beverages and tobacco (1.09 pct vs 1.43 pct). In addition, transport prices fell (-2.70 pct vs 1.14 pct). Meantime, prices rose faster for:food & non-alcoholic beverages (7.67 pct vs 6.18 pct); miscellaneous goods & services (2.42 pct vs 2.28 pct), and recreation & culture (5.52 pct vs 5.36 pct). On the other hand, inflation was steady for both health (at 2.51 pct) and education (at 5.40 pct). On a monthly basis, consumer prices went down 0.73 percent, after decreasing by 0.94 percent in December. Inflation Rate in Lebanon averaged 2.66 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 4.30 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 2.70 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.