
Lebanon: Soaring inflation turns olive oil into a luxury – DW – 05/08/2023
Lebanese olive oil has become unaffordable for many in the crisis-ridden country. As inflation bites and the US dollar reigns supreme, poorer people are forced to part with their traditional local diet.
Imad Waresbi is a 43-year-old resident of Tripoli in northern Lebanon who produces and trades olive oil for a living. He sells his oil for a wholesale price of $5 (€4.50) per liter, which is a fairly reasonable price for the product, he said.
In the shops, however, a liter nowadays costs around