Lebanon Registers Second Highest Inflation Rate in the World

TRENDSNEWSLB website published inflation rates worldwide. According to their report, Lebanon ranked second in terms of inflation, following Venezuela with a rate of 260%. Venezuela was first with a rate of 429%, while Syria ranked third with a rate of 139%. Argentina followed in the fourth position with 114%, and Turkey ranked fifth with 39.59%.

It is worth noting that the consumer price index in Lebanon recorded a rise of 5.4% during the month of May, in a steady increase for the past 34 months at the same pace. This can be attributed to the price inflation resulting from the accumulation of financial, economic, and political crises in the country.