Attachments
Key Figures
- Inflation (May-24) - +0.02 percent (down from +1.7 percent in Apr-24)
- Informal exchange rate (June-24) LBP89,700/USD (same since Nov-23)
- The rise in the cost of the full baskets over the past month was mostly caused by an 11 percent increase
in the cost of rent.
Domestic Food Supply
- World Bank-funded loan, which supported the availability of subsidized bread since January 2023, covers domestic consumption of Arabic bread until September 2024**.**
- Product availability, stocks and delivery at WFP-contracted shops remained at healthy levels. Market
functionality has slightly improved since April 2024.
Economy & Markets
- Recent forecasts by Bloomberg and the World Bank confirm previous projections of economic stagnation
for 2024. - The country’s Human Development Index (HDI) decreased for the fifth year in a row in 2022 (UNDP).
- Private sector activity, as monitored by the BLOM Bank PMI and the BTA-Fransabank Retail Index, has
been heavily impacted by the ongoing conflict.