Inflation Liberia 2022
Average inflation: 7.6%
Inflation in 2022
Inflation is very high at 7.6%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 9.5%. The lowest inflation was in May at 6.2%.
- Highest month
- March: 9.5%
- Lowest month
- May: 6.2%
- Difference
- 3.3 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 9.0 percentage points lower than the 5-year average of 16.6%.
- 5-year average
- 16.6%
- 10-year average
- 13%
- All-time high (2019)
- 26.9%
- All-time low (2012)
- 6.9%
Trend
Over the period 2020-2022, inflation shows a downward trend. Compared to 2021, inflation has fallen by 0.3 percentage points.
- Change vs. previous year
- -0.3 percentage points
- Largest monthly swing
- January: -6.3 percentage points
ECB Target
Inflation is 5.6 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 107.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 6.6% | -6.3 |
| February | 7.6% | -2.9 |
| March | 9.5% | -0.5 |
| April | 6.3% | -3.1 |
| May | 6.2% | -2.0 |
| June | 6.3% | -1.8 |
| July | 6.5% | -0.6 |
| August | 7.1% | +0.1 |
| September | 7.2% | +0.5 |
| October | 9.1% | +4.7 |
| November | 9.5% | +4.1 |
| December | 9.2% | +3.7 |
| Average | 7.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.