According to Bloomberg’s calculations (based on the Central Administration of Statistics), prices have increased 400%, driving the cost of food and household items through the roof.
Furthermore, Lebanon has been without a government since last August. Hopes to form a government lie in the hands of Prime Minister-designate Saad Hariri, who just returned from a foreign trip, and Lebanon’s President Michel Aoun.
Hariri’s return brings with it a brand new opportunity for the revival of government formation discussions and breaking the Cabinet deadlock.
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