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
Dinner at 8:30, you know where #PUPPETREGIME
Most Popular
Likud Party leader and Israeli Prime Minister Benjamin Netanyahu delivers a speech to supporters at the Likud campaign headquarters following the release of exit polls and initial results of the general election in Jerusalem on October 28, 2026.
Anadolu via Reuters Connect
About 77% of Israel’s eligible voters cast ballots, the highest in more than two decades, to decide whether to give Prime Minister Benjamin Netanyahu and his coalition another term or hand power to a loosely organized opposition led by former IDF chief Gadi Eisenkot.
Ship owner Villa Vie Residences told passengers the cruise would end its journey early in Cambodia because refueling costs have jumped more than 300% since the start of the Iran war.
Brazilian Senator Flavio Bolsonaro disembarks from a plane after arriving at Opa-locka Executive Airport near Miami, Florida, U.S., October 28, 2026.
REUTERS/Eva Marie Uzcategui
Flávio Bolsonaro, the right-winger who lost Brazil’s presidential runoff to incumbent lefty Lula on Sunday, landed in the Magic City with his family on Wednesday morning.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.