The inflation rate in Libya was recorded at -6 percent in September of 2019. Libya Inflation Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Inflation Rate in Libya averaged 8.16 percent from 2004 until 2019, reaching an all time high of 31.60 percent in July of 2016 and a record low of -6.10 percent in August of 2019. This page provides - Libya Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Bureau of Statistics and Census Libya

Inflation Rate in Libya is expected to be -3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Libya to stand at 1.00 in 12 months time. In the long-term, the Libya Inflation Rate is projected to trend around 3.50 percent in 2021 and 4.00 percent in 2022, according to our econometric models.


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Libya Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-6.00 -6.10 31.60 -6.10 2004 - 2019 percent Monthly
2008=100


Libya Inflation Rate
In Libya, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories in the consumer price index are Food and beverages (38.8 percent of the total weight), Housing, water, electricity and other fuels (22.7 percent), Transport (8.1 percent), Clothing and footwear (6.4 percent), Furniture and household equipment (4.9 percent), Health (4.1 percent), and Education (4.0 percent). Recreation and culture, Communication, Restaurant and hotels, tobacco, and Miscellaneous goods and services account for the remaining 11 percent.