Crisis in the Lebanese Food Sector
Before the October revolution, the pandemic and the Beirut explosion, 1$ was worth 1,500 LBP. Things were seemingly well in Lebanon. People were able to meet their basic needs and feed their families.
People are now buying their day-by-day necessities depending on their financial capabilities.
Food prices have increased by 395% in 2021 due to price inflation and USD-LBP crisis (1$=17,000LBP)
Back in 2019 - prior to the revolution, it would cost a family of 4 an average of 120,000 LBP (80$ based on the 1,500 rate) to buy the following necessities:
Rice, sugar, oil, pasta, cheese, meat, pulses, milk and babymilk
It now costs an average of 780,000 LBP (45$) to buy these necessities.
We are now seeing people resorting to theft, or eating from the garbage just to get through the day.