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
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STRATEGIES & PLANS
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.