Annual Inflation in Lebanon Increases by 91.4 percent

  • Beirut, Lebanon
  • 3 September 2020
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The Central Statistics Department revealed that the consumer price index has witnessed increasing inflationary trends since the end of 2019, indicating that the deep economic, financial and monetary crisis has begun to significantly affect the prices of products and services in the market, as the index rose on an annual basis by 91.4 percent compared to the results of July 2019.

All nine main indicators witnessed an increase, with the highest increase recorded in the durable consumer goods category (206.9%), followed by the transport and communications category (129.5%), then the food and beverage category (123.7%) and the clothing category (114.3%).

All four main indicators registered this month increased as follows: the tobacco product category (198.3%), the food category (119.7%), the non-alcoholic beverages category (111.2%), and the alcoholic beverages category (79.8%).

All of the twelve food group indicators witnessed an increase, and the largest increase was recorded in the cereals and nuts category (222.0%), followed by the fish and seafood category (212.4%), the sugar and sweets category (186.1%), the meat and poultry category (182.9%), and the other food products category (157.2%).

Source (Economic Bulletin Website, Edited)