Supermarket Goods Prices Rise

The commodity market in Lebanon continues to face inflation driven by rising oil prices, with the price of a barrel exceeding $94 following escalating tensions between the U.S. and Iran. This has led to expectations of further increases in prices for goods. In recent months, markets experienced partial stabilization, with a temporary decline of 1.5% between April and May. However, the rise in oil prices increases the risk of another surge in prices if the barrel price surpasses $115 or $120. Experts indicate that the current impact of rising oil on commodity prices is limited, as weak demand and increased costs resulting from the crisis are confronting inflation and exerting pressure on purchasing power. This is especially true given the sluggish market sales and declining demand for purchases, while reliance on expatriates and tourists remains limited due to security concerns.

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