Inflation Rate in Libya increased to 2.80 percent in December from 2 percent in November of 2020. source: Bureau of Statistics and Census Libya

Inflation Rate in Libya averaged 7.64 percent from 2004 until 2020, 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. Libya Inflation Rate - values, historical data and charts - was last updated on May of 2021.

Inflation Rate in Libya is expected to be 3.20 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 3.60 in 12 months time. In the long-term, the Libya Inflation Rate is projected to trend around 3.00 percent in 2022 and 3.40 percent in 2023, according to our econometric models.

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Libya Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.00 31.60 -6.10 2004 - 2020 percent Monthly
2008=100

Libya Prices Last Previous Highest Lowest Unit
Inflation Rate 2.80 2.00 31.60 -6.10 percent [+]
Food Inflation 3.15 1.48 52.64 -12.12 percent [+]
Consumer Price Index CPI 270.10 269.00 280.30 78.00 points [+]
Cpi Housing Utilities 175.70 175.50 175.70 142.80 points [+]
CPI Transportation 185.70 185.90 189.30 132.90 points [+]
Inflation Rate Mom 0.40 0.30 9.70 -3.80 percent [+]


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.