Lebanon’s inflation rate increased 186.4% in the first 10 months of 2022 – The National
- Date: 04-Dec-2022
- Source: The National
- Sector:Financial Services
- Country:Lebanon
Lebanon’s inflation rate increased 186.4% in the first 10 months of 2022 – The National
Hyperinflation in Lebanon continued for the 28th consecutive month in October, with the Central Administration of Statistics' Consumer Price Index increasing by 186.4 per cent in the first 10 months of 2022 from the same period a year earlier.
Inflation rose to about 158.5 per cent in October from the same month a year earlier. The CPI increased about 14.6 per cent from September 2022.
The country is in the grip of an economic crisis described by the World Bank as one of the worst in modern history and has yet to implement critical structural and financial reforms required to unlock $3 billion of assistance from the International Monetary Fund.
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