Average Inflation Rose by an Annual 6.29% by August 2018

According to the Central Administration of Statistics (CAS), Lebanon’s average inflation rate rose by 6.29% by August 2018 compared to the same period last year as all 13 components of the Consumer price index (CPI) posted average yearly upturns.

In details, The average costs of “Housing and utilities” (water, electricity, gas and other fuels) constituting a combined 28.4% of the Consumer Price Index or CPI, rose by 6.85% year-on-year (y-o-y) by August 2018. In fact, “Owner-occupied”rental costs, which grasped 13.6% of this category, rose by 4.11% y-o-y. As for the average prices of “Water, electricity, gas, and other fuels” (11.8% of the Housing & utilities component), they increased by an annual 10.36% by August 2018.

In turn, the average prices for “Food and non-alcoholic beverages”(constituting 20% of the CPI), “Transportation” ( grasping 13.1% of the CPI), and “Education” costs (6.6% of CPI) registered yearly upticks of 4.80%, 8.76%, and 4.07% by August 2018.

Average Yearly Inflation Rates by August

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Source: CAS

 

 

 

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