Libya Inflation Rate (1965-2024)

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GDP GDP Growth Rate GDP Per Capita Debt to GDP Inflation Rate Manufacturing GNI GNI Per Capita GNP

Libya inflation rate for 2024 was 2.13%, a 0.25% decline from 2023.

Libya inflation rate for 2023 was 2.37%, a 2.14% decline from 2022.
Libya inflation rate for 2022 was 4.51%, a 1.64% increase from 2021.
Libya inflation rate for 2021 was 2.87%, a 1.42% increase from 2020.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.