Lebanon's consumer price index (inflation rate) slowed in September to its lowest year-on-year level since March 2020, to 32.92 percent from 35 percent. The improvement in inflation comes at a time when Lebanon is facing the fallout from the war with Israel, which began to worsen at the end of last month.
The consumer price index recorded its seventh double-digit rise since July 2020, after rising 70.4 percent year-on-year in March 2024, 59.7 percent in April 2024 compared to the same month in 2023, 51.6 percent year-on-year in May, a 41.8 percent year-on-year increase in June, 35.4 percent in July, and 35 percent in August 2024 compared to August 2023.
