Lebanon’s annual inflation rate eased to 15.7% in July 2026, down from 17.3% in June, reaching its lowest level since February. The slowdown was driven by softer price increases across most major categories, especially food and non-alcoholic beverages (14.5% vs. 18.0% in June), housing and utilities (14.5% vs. 17.1%), and transport (27.6% vs. 29.4%). Inflation also moderated for alcoholic beverages and tobacco (7.0% vs. 8.4%), clothing and footwear (1.7% vs. 6.6%), furnishings, household equipment and routine household maintenance (6.8% vs. 7.1%), and restaurants and hotels (14.6% vs. 16.3%).
By contrast, price growth picked up in several categories, including health (7.3% vs. 2.8%), recreation, amusement and culture (43.2% vs. 42.6%), and miscellaneous goods and services (16.3% vs. 14.9%). On a monthly basis, consumer prices edged down 0.03%, following a 0.75% decline in June, marking a second consecutive month of deflation.
