Average Inflation Rose by 4.68% Y-o-Y by April 2017

According to the Central Administration of Statistics (CAS), Lebanon’s average inflation rate rose by 4.68% by April 2017 compared to the same period in 2016.

The average costs of “Housing, water, electricity, gas and other fuels”, which hold a combined 28.4% weight in the Consumer Price Index (CPI), rose by 7.58% year-on-year (y-o-y) by April 2017. In fact, the biggest weight of 13.6% in this category goes to “Owner Occupied” rental costs which increased by 4.05% y-o-y. The average costs of Water, electricity, gas and other fuels” hold a share of 11.8% in the CPI, and grew by 16.21% y-o-y by April 2017.

The average price index for “food and non-alcoholic beverages”, which accounts for 20% of the CPI, rose by 1.98%y-o-y to 102.30. On average, transportation costs, with a 13.1% weight in the CPI, grew by 7.82% y-o-y by April 2017 while average health costs slid by 1.57% over the above mentioned period.

In April alone, the CPI grew by 4.44% from 95.53 in April 2016 to 99.77 in April 2017 also on account of respective y-o-y increases of 5.58% and 4.44% in the costs of “Housing, water, electricity, gas and other fuels” and “Food and non-alcoholic beverages”.

Monthly Inflation Rate

Average Inflation Rose by 4.68% Y-o-Y by April 2017

 

 

Source: CAS

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