Loading

Consumer Price Index Up

from June 2011.

Prices of alcoholic beverages & tobacco increased by 11.1%, followed by education (+7.5%), food & non-alcoholic beverages (+5.7%), recreation & entertainment (+5.5%), restaurants & hotels (+4.5%), miscellaneous goods & services (+4.0%), clothing & footwear equipment (+2.5%), furnishings & household (+1.8); while prices of water, electricity, gas & other fuels decreased by 3.8%, followed by transportation with a 1% decline and health care prices with 0.9% decrease year-on-year.

 

In parallel, housing and com- munication prices remained unchanged year-on-year. Imported inflation accounts for about 70% of inflation in the country, as Lebanon has an import-based economy. Lebanon imports most of its energy needs and the value of imports historically has been equivalent to about five times that of exports. The Consumer Price Index declined by 1.3% in June 2012 from May 2012.

Prices of recreation & entertainment increased by 0.9%, followed by restaurants & hotels (+0.2%), miscellaneous goods & services (+0.1%); while trans- portation prices declined by 4.6%, followed by water, electricity, gas & other fuels (-3.6%), food & non-alcoholic beverages (-1.6%), health care (-1.4%), and clothing & footwear (-0.3%). Further, the cost of alcoholic beverages & tobacco, housing, communication, furnishings & household equipment, and education remained unchanged month-on-month. The Consumer Price Index grew by 3% year-on-year in May 2012 and by 3.5% year-on-year in April 2012.

 

Source: Lebanon This Week, Byblos Bank newsletter

MORE CLOSER LOOK ARTICLES

Following a new round of qualification, the LCEC...
The Ministry of Energy and Water has launched a...
Following the bidding process launched four...
The renewable energy sector employed 9.8 million...
As part of the national plan launched by the...
·       
At the upcoming International Beirut Energy Forum...
The Italian Ministry for the Environment, Land,...
On Tuesday, 16 May 2017, the contact persons of...
Leading by example, the Ministry of Energy and...
The Lebanese Ministry of Education and Higher...
 In collaboration with the UNDP CEDRO...
The Lebanese sustainable energy market is...
·       
The United Nations Climate Change Conferences are...
Beirut

Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

STAY CONNECTED WITH EECOY.COM

 

MOST VISITED ARTICLES

  1. Moody’s Investors Service indicated that the high level of Central Bank reserves is...
  2. In 2010, the country’s Gross Domestic Product (GDP) grew by 8 percent. The economic forecast...
  3. The General Labor Confederation (GLC) warned that the increase of the value added tax (VAT) rate...
  4. Finally, the electricity bill law is approved by the Lebanese parliament. A draft law allocates $1....
  5. Will the government raise the minimum wage?A scenario, some experts expect will result in layoffs...

UPCOMING EVENTS

Member login

Request new password