Lebanon inflation rate reached an eight-month peak of 189.67% YoY in February, up from 123.53% in January due to a significant devaluation of the Lebanese pound. The currency was devalued by 90% on February 1st, meeting a crucial demand for the IMF’s rescue plan for the country. Notably, food inflation reached an eight-month high of 260.54%, following January’s 33-month low of 138.47%. Consumer prices recorded a record-high monthly rise of 25.52% in February after an 8.43% increase in January.