Rising food and producer prices reported in Lebanon and Palestine

Food prices in Lebanon rose by approximately 14.5% year-on-year in July 2026. Economic experts attribute this surge to the country's heavy reliance on imports for essential goods like wheat and oils. Regional developments have increased the costs of energy, transport, and shipping, which are passed on to the local market. Even with a relatively stable exchange rate for the Lebanese pound against the dollar, prices continue to climb due to the high cost of new inventory and accumulated inflation from previous crises.

In Palestine, the Producer Price Index (PPI) recorded a 1.61% increase in July 2026 compared to June 2026. Locally consumed goods saw a price rise of 1.69%. Within the agricultural sector, prices rose by 3.00%, driven largely by a 6.99% increase in perennial crop prices, including grapes, figs, and oranges. While most agricultural and animal production prices trended upward, fish prices saw a significant decrease of 9.95% during the same period.