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Lebanon annual inflation surges more than 200%

A butcher's shop in Lebanon's capital Beirut. (AFP FILES PHOTO)
  • According to the government data, transportation costs rose 489 percent compared to March 2021, with health expenses up 441 percent
  • Food and beverages climbed 390 percent, while restaurant and hotel costs went up by 349.45 percent

Annual Inflation in Lebanon has spiked to 208 percent in March despite the intervention of the country’s Central Bank.

According to the government data, transportation costs rose 489 percent compared to March 2021, with health expenses up 441 percent.

Food and beverages climbed 390 percent, while restaurant and hotel costs went up by 349.45 percent.

The latest statistics come after consumer prices hit a record high of 239.69 percent in January.