This is just horrific. With the various militias and mafias, from Hezbollah on down, doing their King of the Dung Heap, honor culture crap, I don't think even the French can help, though they try. Throw in corruption that exceeds Ukraine's and the Paris of the Middle East it ain't.
From the UAE's The National, March 23:
Transportation costs increased 510%, followed by restaurants and hotels, which surged 449%
Inflation in Lebanon soared an annual 215 per cent in February as the country's economic meltdown worsens and talks with the International Monetary Fund for a bailout package continue.
This is the 20th consecutive triple-digit increase of the Central Administration of Statistics' Consumer Price Index since July 2020. The index increased 4.31 per cent from January 2022. Although inflation has spiked, it is still far from the peak of 741 per cent reached at the end of 1987 during the country's 1975-1990 civil war.
The surge in inflation is due "in part to the inability of the authorities to monitor and contain retail prices, as well as to the deterioration of the Lebanese pound's exchange rate on the parallel market and the gradual lifting of subsidies on hydrocarbons, which have encouraged opportunistic wholesalers and retailers to raise the prices of consumer goods disproportionately", Byblos Bank said in a note....
....MUCH MORE
If interested see also, August 2021: "LEBANON: Months' worth of bread costs 44% of minimum wage, as families cut back on basic food"
Hell, it's not even the Paris of Texas:
