Lebanon's consumer price inflation rate rose to an all-time high of 145.8 percent year-on-year in December 2020, up from 133.5 percent in the previous month, as the country faces the worst financial crisis in decades. Food prices jumped 402.3 percent and cost for transportation increased 206.1 percent. Additional upward pressure came from restaurants and hotels (609.0 percent), recreation, amusement, and culture (227.1 percent), furnishings, household equipment and routine maintenance (655.1 percent), clothing and footwear (559.8 percent), and miscellaneous goods and services (267.5 percent). On a monthly basis, consumer prices climbed 8.15 percent in December. Considering 2020 full year, the inflation rate averaged 84.9 percent, the highest since at least 2013, when the current readings began. source: Central Administration of Statistics, Republic of Lebanon
Inflation Rate in Lebanon averaged 9.78 percent from 2008 until 2020, reaching an all time high of 145.85 percent in December of 2020 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 February of 2021.
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. Looking forward, we estimate Inflation Rate in Lebanon to stand at 25.00 in 12 months time. In the long-term, the Lebanon Inflation Rate is projected to trend around 15.00 percent in 2022, according to our econometric models.