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INFLATION

Education costs spike in October: Monthly consumer price index

Education costs spike in October: Monthly consumer price index

(Credit: João Sousa/L'Orient Today)

BEIRUT — Education sector prices have increased markedly, according to Lebanon’s Central Administration of Statistics, with costs spiking by 186 percent from September to October.

The rising costs come alongside continued inflation, according to the CAS monthly consumer price index, released Monday. According to the monthly index, consumer prices increased by 14.65 percent from September to October 2022.

The inflation rate has thus climbed another rung as Lebanon’s three-year economic crisis continues.

According to the monthly index, which tracks price changes since December 2013, an item that cost LL100 at the end of 2013 now costs LL1,847.45, as of October 2022. In September, that same item would have cost LL1,611.43. Year-on-year, the inflation rate decreased slightly from 162.47 percent to 158.46 percent.

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Education prices marked the only triple-digit inflation item last month. Previously, the sector stagnated at a mere 0.1-percent inflation rate.

Following far behind on the inflation lineup: the cost of leisure and culture (29.7 percent) and clothing (27.36 percent). Food costs rose by 9.12 percent in October. In last place were the prices of communications, with a slight increase of 0.04 percent.

Since this time last year, however, communications have increased by 228.04 percent, placing them in third place. They are preceded by the costs of the health sector (269.72 percent) and those of water, electricity and fuel (254.05 percent). Education prices increased at this rate by 191.35 percent, while food prices jumped by 203.21 percent.

Finally, Monday’s report showed the month-on-month price increases in each of Lebanon’s governorates, starting with North Lebanon (16.54 percent), followed by South Lebanon (14.65 percent), Mount Lebanon (14.56 percent), Beirut (14.41 percent), the Bekaa Valley (12.92 percent) and Nabatieh (12.74 percent).

In all governorates, prices in the education sector soared in October, particularly in Beirut (226.5 percent) and Nabatieh (218.58 percent).  

BEIRUT — Education sector prices have increased markedly, according to Lebanon’s Central Administration of Statistics, with costs spiking by 186 percent from September to October.The rising costs come alongside continued inflation, according to the CAS monthly consumer price index, released Monday. According to the monthly index, consumer prices increased by 14.65 percent from September to...