A man speaks on his mobile phone in Beirut, Monday, July 21, 2014. (The Daily Star/Hasan Shaaban)
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Lebanon's consumer price index fell drastically in June, with some analysts attributing the drop to telecoms price cuts instituted over the past two month.The June results follow a 0.3 percent drop in May, for a drop of 1 percent in the Consumer Price Index over the last two months.The telecoms sector of the CPI dropped by 20.9 percent between May and June. While telecoms are only weighted at 4.6 percent of the total CPI, this drop was large enough to lower the overall index by 0.96 percent, which means that without the telecoms rate cuts, Lebanon might have witnessed higher inflation in June.
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