Key Figures
Inflation (Apr-24) +1.7 percent (same as Mar-24)
Informal exchange rate (May-24)
LBP89,700/USD (same since Nov-23)
The cost of MEB per household surpassed USD500 in April, spurred by a 43-fold increase in residency fees.
This comes three months after the cost of SMEB per household surpassed USD400.
Year-on-year food inflation rate decreased to 33 percent in April, its lowest level since February 2020.
As a result, Lebanon no longer features in the top 10 countries with the highest yearly food inflation in the world.