According to the Central Administration of Statistics (CAS), the monthly change in Lebanon’s consumer price index reached 0.44% in March 2025, compared to 0.66% in February. On an annual basis, Lebanon’s CPI rallied by 14.19% to 7,218.28 in March 2025, compared to 6,321.16 in March of the previous year, with the average annual inflation rate for the first quarter of the year 2025 attaining 15.30%. 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 21.37% increase in the prices of food & non-alcoholic beverages (20.0% weight in the index), a 23.75% hike in housing prices (owner occupied; 13.6% weight in the index), a 2.46% rise in transportation prices (13.1% weight in the index), not to mention the frantic 22.07% rise in healthcare prices (7.7% weight in the index) and 30.74% rally in education prices (6.6% weight in the index). It is worth noting that restaurants & hotels prices soared by 17.27% y-o-y in March 2025 (2.8% weight in the index) and were accompanied by some 4.54% rally in the prices of recreation, amusement and culture (2.4% weight in the index) and some 8.53% surge in the price of housing – water, electricity, gas & other fuels (11.8% weight in the index). Communication prices (4.5% weight in the index) and furnishings, household equipment & routine household maintenance (3.8% weight in the index) on the other hand were the only two components of the CPI to witness annual drops (2.71% and 8.37% respectively) in March. 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 South, which witnessed a 0.26% monthly drop in the CPI) saw a monthly rise in their CPI values in March 2025, with the sharpest increase taking place in the North (1.44%), followed by the Nabatieh (0.81%), the Bekaa (0.77%), Beirut (0.33%), and Mount Lebanon (0.11%) regions.