Lebanon’s inflation hits 210% in June as government formation stalls – The National

Lebanon’s inflation hits 210% in June as government formation stalls – The National

Runaway inflation in Lebanon continued in triple digits as the formation of a new government stalls more than two months after parliamentary elections were held, delaying the implementation of reforms that are a prerequisite to unlocking $3 billion from the International Monetary Fund.

Inflation in the country, which faces its worst economic crisis in more than three decades, rose to 210 per cent last month from the same period a year earlier.

This is the 24th consecutive triple-digit increase of the Central Administration of Statistics' Consumer Price Index since July 2020. The index increased 9.23 per cent from May 2022. Inflation in the first half of the year increased 214 per cent from the same period a year earlier.