According to the Central Administration of Statistics (CAS), Lebanon’s consumer price index rose by 1.10% in January 2025, compared to an increase of 2.39% in December. On an annual basis, Lebanon’s CPI rallied by 16.09% to 7,138.95 in January 2025, compared to 6,149.46 in January 2024. The decelerating inflation pace owes to the widespread dollarization of products & services, coupled with the stability of the LBP/USD exchange rate since the month of July 2023. In details, the index portrays a 20.86% increase in the prices of food & non-alcoholic beverages (20.0% weight in the index), a 23.69% hike in housing prices (owner occupied; 13.6% weight in the index), a 10.25% surge in transportation prices (13.1% weight in the index), not to mention the 22.90% rise in healthcare prices (7.7% weight in the index). It is worth noting that restaurants & hotels prices soared by 17.71% y-o-y in January 2025 (2.8% weight in the index) and were accompanied by some 7.19% rally in the prices of recreation, amusement and culture (2.4% weight in the index) and some 10.07% increase in the price of housing – water, electricity, gas & other fuels (11.8% weight in the index). It is worth noting that communication prices (4.5% weight in the index) and furnishings, household equipment & routine household maintenance (3.8% weight in the index) were the only two components of the CPI to witness annual drops (2.89% and 2.39% respectively) in January. The following section captures the fluctuation in the key constituents of Lebanon’s consumer basket:

On a geographical basis, all regions (barring the Bekaa region, which witnessed a 0.07% monthly drop) across Lebanon saw a monthly rise in their CPI values in January 2025, with the sharpest increase taking place in Nabatieh (2.62%), followed by Mount Lebanon (1.44%), the North (1.05%), Beirut (0.61%), and South (0.15%) regions.