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

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    China will determine the future of Venezuela

    China will determine the future of Venezuela

    There are a number of reasons why Beijing continues to back Maduro's government despite suffering financial losses.