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Asharq Al-Awsat
Asharq Al-Awsat
Business
Beirut – Ali Zeinddine

Prices in Lebanon Rise by Average of 33% Monthly, 264% Annually

Lebanese flag flutters at the site of Beirut port blast, Lebanon, July 29, 2021. Picture taken July 29, 2021. REUTERS/Mohamed Azakir

Lebanese consumers are anxiously anticipating the continued rise of the inflation index, as the customs dollar exchange rate has been re-raised from LBP 45,000 to LBP 60,000, and the current exchange rate of the “Sayrafa” platform hovers around LBP 87,000 per dollar.

The benchmark for consumer prices is now approaching the 4,000% mark, having already reached a significant figure of 3,710% at the close of the first quarter of the year.

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