According to the Central Administration of Statistics (CAS), Lebanon’s average inflation rate rose by 4.23% by July 2017 compared to July 2016.
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 5.85% year-on-year (y-o-y) by July 2017. In details, “Owner-occupied ”rental costs, which grasped 13.6% of this category, rose by 3.84% 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 12.07% by July 2017.
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 3.17%, 5.71%, and 2.67% by July 2017. However, average “Health” costs (7.7% of the CPI) grew by 2.69% y-o-y over the same period.
Monthly Inflation Rates
Source: CAS