Inflation in Lebanon
Lebanon - InflationEconomic conditions remained grim in the third quarter, with the PMI decreasing through August amid ongoing currency depreciation, political instability and acute shortages of fuel and other basic goods. That said, stronger tourism and economic recoveries abroad should have provided some support. To help alleviate the burden from the punishing energy crisis, Jordan has recently discussed ways to expedite gas delivery to Lebanon. Moreover, after over a year without a fully functioning administration, a new government was announced in mid-September. Since then, Prime Minister Najib Mikati has resumed talks with the IMF over much-needed financial aid. However, international financial support remains largely conditional on reforms.
Lebanon - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-3.7||-0.8||4.4||6.1||2.9|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1,513||0.0 %||Dec 31|
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June 22, 2020
Economic conditions have deteriorated significantly in recent months amid spiraling inflation, the Covid-19 pandemic and sociopolitical instability, after the country defaulted on its debt for the first time ever in March.