According to the Central Administration of Statistics (CAS), the monthly change in Lebanon’s consumer price index reached 0.66% in February 2025, compared to 1.10% in January. On an annual basis, Lebanon’s CPI rallied by 15.64% to 7,186.41 in February 2025, compared to 6,214.39 in February of the previous year, with the average annual inflation rate for the first two months of the year 2025 attaining 15.86%. 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 20.50% increase in the prices of food & non-alcoholic beverages (20.0% weight in the index), a 26.94% hike in housing prices (owner occupied; 13.6% weight in the index), a 8.94% surge in transportation prices (13.1% weight in the index), not to mention the frantic 21.32% rise in healthcare prices (7.7% weight in the index). It is worth noting that restaurants & hotels prices soared by 17.59% y-o-y in February 2025 (2.8% weight in the index) and were accompanied by some 5.01% rally in the prices of recreation, amusement and culture (2.4% weight in the index) and some 9.14% 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 (2.82% and 8.17% respectively) in February. The following section captures the fluctuation in the key constituents of Lebanon’s consumer basket:

On a geographical basis, all regions across Lebanon (barring the Bekaa, which witnessed a 0.74% monthly drop in CPI) saw a monthly rise in their CPI values in February 2025, with the sharpest increase taking place in Mount Lebanon (1.00%), followed by the Nabatieh (0.95%), the North (0.80%), Beirut (0.46%), and South (0.09%) regions.