Inflation Liberia 2021
Average inflation: 7.9%
Inflation in 2021
Inflation is very high at 7.9%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 12.9%. The lowest inflation was in October at 4.4%.
- Highest month
- January: 12.9%
- Lowest month
- October: 4.4%
- Difference
- 8.5 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 9.7 percentage points lower than the 5-year average of 17.6%.
- 5-year average
- 17.6%
- 10-year average
- 12.9%
- All-time high (2019)
- 26.9%
- All-time low (2012)
- 6.9%
Trend
Over the period 2019-2021, inflation shows a downward trend. Compared to 2020, inflation has fallen by 9.5 percentage points.
- Change vs. previous year
- -9.5 percentage points
- Largest monthly swing
- February: -15.3 percentage points
ECB Target
Inflation is 5.9 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 107.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 12.9% | -10.7 |
| February | 10.5% | -15.3 |
| March | 10.0% | -11.7 |
| April | 9.4% | -13.1 |
| May | 8.2% | -10.2 |
| June | 8.1% | -5.0 |
| July | 7.1% | -10.0 |
| August | 7.0% | -7.8 |
| September | 6.7% | -7.3 |
| October | 4.4% | -9.4 |
| November | 5.4% | -5.0 |
| December | 5.5% | -7.7 |
| Average | 7.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.