According to the Central Administration of Statistics (CAS), Lebanon’s average inflation rate rose by 6.23% by July 2018 compared to the same period last year.
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 6.59% year-on-year (y-o-y) by July 2018. In details, “Owner-occupied”rental costs, which grasped 13.6% of this category, rose by 4.07% 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 9.76% by July 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 4.68%, 8.39%, and 4.06% by July 2018.
Average Yearly Inflation Rates by July
Source: CAS