
Lebanon’s Cost of Living: A Nation Still Under Pressure
Liliane Mokbel, 05/08 17:25 - Reading : 3 minute(s)
As of June, Lebanon’s Consumer Price Index recorded an annual increase of around 15%, a sharp drop from the staggering 253.55% seen during the same period in 2023. This decline is largely due to the stabilization of the exchange rate following months of severe devaluation of the Lebanese pound (LBP). Yet, despite this slowdown in inflation, ...