August 03, 2021
Lebanon's economic implosion and currency crisis have caused food prices to surge. Lebanon imports around 80 percent of the food it consumes, and so the sharp depreciation of the lira vs the US dollar has made some staples five times more expensive than when the economic crisis first hit in October 2019. This year's Ramadan was very painful for many Lebanese, as the cost of an Iftar meal — which Muslims break their fast with each day — has increased a whopping 300 percent in just two years. We take a look at how food prices have risen as a result of the plunging value of Lebanon's currency over the last 15 months.
More For You
- YouTube
In this "ask ian," Ian Bremmer analyzes Trump’s recent meeting with Zelensky and how close (or far) Russia and Ukraine are from a peace deal.
Most Popular
- YouTube
Before turning to Top Risks 2026, Ian Bremmer looks back at how this year’s Top Risks 2025 actually performed.
Pro-democracy protesters carry portraits of North Yemen's late president Ibrahim al-Hamdi.
REUTERS/Khaled Abdullah
In the latest twist to Yemen’s decade-long civil war, a group of government ministers declared support for the UAE-backed Southern Transitional Council (STC), a rebel group that broke the war’s deadlock earlier this month by seizing control of the oil-rich Handramout region.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.
