People exchange Lebanese pound and US dollar notes in Lebanon's capital, Beirut. The currency has lost 75 per cent of its value on the black market this year. AFP  
People exchange Lebanese pound and US dollar notes in Lebanon's capital, Beirut. The currency has lost 75 per cent of its value on the black market this year. AFP  

Business

Sharp increase in Lebanon's inflation rate 'could get worse without government action'

Year-on-year consumer price inflation rose to nearly 90 per cent in June as devaluing pound makes food imports more expensive

Michael Fahy
Michael Fahy

July 25, 2020