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

    Sentenced to death for blasphemy: Surviving Pakistan's death row

    Sentenced to death for blasphemy: Surviving Pakistan's death row

    The story of a man who spent 19 years awaiting execution reveals the power of a false blasphemy claim to destroy a life.

    A story of exile and return: From Italy to Syria and back again

    A story of exile and return: From Italy to Syria and back again

    His grandfather fled fascist Italy during WWII and found refuge in Syria. Now Alberto and his family have returned.

    The Syrian women and girls sold into sexual slavery in Lebanon

    The Syrian women and girls sold into sexual slavery in Lebanon

    Syria's refugee crisis has shone a light on sex trafficking in Lebanon, where victims are often treated as criminals.