Lebanon inflation to rise sharply

Israel's summer assault has affected consumer prices.

    The Israeli blockade has taken
    its toll on Lebanese civilians 
    Hamdan also said: "The forecast figure is accurate and it is a worrying figure, when we bear in mind that inflation was at less than 0.5 per cent in 2005 and at less than two per cent in 2004."
     
    The Israeli military onslaught on Lebanon and its eight-week blockade during the summer increased Lebanon's public debt to $41bn, according to official figures.
     
    Immediate material damage to infrastructure alone was estimated at about $3.5bn, according to official figures.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Why Saudi-Israeli normalisation could be dangerous

    Why Saudi-Israeli normalisation could be dangerous

    Apart from being disastrous for Palestine, normalising relations with Israel could get Saudi Arabia in real trouble.

    Gender violence in India: 'Daughters are not a burden'

    Gender violence in India: 'Daughters are not a burden'

    With female foeticide still widespread, one woman tells her story of being mutilated for giving birth to her daughters.

    What is Mohammed bin Salman's next move?

    What is Mohammed bin Salman's next move?

    There are reports Saudi Arabia is demanding money from the senior officials it recently arrested.