Inflation Liberia 2018
Average inflation: 23.4%
Inflation in 2018
Inflation is very high at 23.4%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 28.5%. The lowest inflation was in January at 15.4%.
- Highest month
- December: 28.5%
- Lowest month
- January: 15.4%
- Difference
- 13.1 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 10.9 percentage points higher than the 5-year average of 12.5%. This approaches the highest level since records began (23.4% in 2018).
- 5-year average
- 12.5%
- 10-year average
- 10%
- All-time high (2018)
- 23.4%
- All-time low (2012)
- 6.9%
Trend
Over the period 2016-2018, inflation shows an upward trend. Compared to 2017, inflation has risen by 11.0 percentage points.
- Change vs. previous year
- +11.0 percentage points
- Largest monthly swing
- July: +15.6 percentage points
ECB Target
Inflation is 21.4 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for LRD 100 this year will cost approximately LRD 123.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 15.4% | +1.8 |
| February | 17.8% | +4.5 |
| March | 19.5% | +7.6 |
| April | 21.4% | +9.9 |
| May | 21.3% | +8.1 |
| June | 24.6% | +13.8 |
| July | 26.1% | +15.6 |
| August | 26.1% | +13.8 |
| September | 26.3% | +13.2 |
| October | 26.6% | +14.7 |
| November | 27.1% | +14.0 |
| December | 28.5% | +14.6 |
| Average | 23.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.