Consumer Price Index increases three percent. Rent, energy, clothing drive growth

The Consumer Price Index (CPI) rose three percent in December 2016 to 98.93 from 95.92 in the previous year, according to the Central Administration of Statistics (CAS).

During this period, the price index of clothing and footwear registered the largest increase at 10.4 percent. According to Beirut Trade Association, the increase in this category was recorded in September, October, and December. Consumption revived during these months due to consumer confidence in the economy after elect...

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