Inflation Liberia 2023
Average inflation: 10.1%
Current Inflation
Inflation is very high at 10.1%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 12.4%. The lowest inflation was in March at 6.1%.
- Highest month
- June: 12.4%
- Lowest month
- March: 6.1%
- Difference
- 6.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 11.5%. The lowest price increase was in Energy with an average of 11.5%.
- Highest increase
- Energy: 11.5%
- Lowest increase
- Energy: 11.5%
Historical Context
Current inflation is 3.9% lower than the 5-year average of 14.0%.
- 5-year average
- 14%
- 10-year average
- 13.2%
- All-time high (2019)
- 26.9%
- All-time low (2012)
- 6.9%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +2.5 percentage point.
- Change vs. previous year
- +2.5 percentage points
- Largest monthly swing
- June: +6.1 percentage points
ECB Target
Inflation is 8.1% 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 €100 this year will cost approximately €110.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 8.2% | +1.6 |
| February | 8.3% | +0.7 |
| March | 6.1% | -3.4 |
| April | 9.4% | +3.1 |
| May | 12.2% | +6.0 |
| June | 12.4% | +6.1 |
| July | 11.0% | +4.5 |
| August | 11.7% | +4.6 |
| September | 10.0% | +2.8 |
| October | 10.1% | +1.0 |
| November | 11.4% | +1.9 |
| December | 10.0% | +0.8 |
| Average | 10.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.