Lebanon’s Inflation Rate increased by 12.23% YOY in December 2025

Lebanon’s annual inflation rate increased to 12.23% in December 2025, down from 14.74% in November 2025, according to the Central Administration of Statistics (CAS). The slowdown in inflation mainly reflected more stable price conditions during the month, supported by a steady exchange rate environment and easing pressures on import and transportation costs compared to previous months. In addition, improved availability of goods and calmer market conditions helped limit further price increases, particularly for food and essential items. Meanwhile, limited consumer demand and weak purchasing power continued to constrain firms’ ability to pass higher costs onto consumers, preventing sharper price rises and contributing to the moderation in annual inflation during December.

^{Source: CAS, BLOMINVEST}

In details, it is worthwhile to note that Education (6.6% of CPI) increased by 35.94% YOY, Recreation, Amusement, and Culture (2.4% of CPI) rose by 31.56% YOY, and Owner occupied (13.6% of CPI) grew by 26.18% YOY during the same period.

The highest yearly increase was recorded in the “Education” component, which rose by 35.94% in December 2025. This sharp uptick largely reflects the continued dollarization of tuition fees. Private schools and universities have increasingly shifted their billing to fresh-dollar or dollar-indexed structures to cover operational costs, including salaries, maintenance, and imported educational materials. As a result, households faced a significant rise in schooling expenses at the start of the academic year, amplifying the overall inflation reading for December.

On a monthly basis, Consumer Price Index (Inflation) increased between November 2025 and December 2025 by 0.14%. It is also interesting to note that the average inflation rate, between the period of January 2025 and December 2025 stood at 14.60%.

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