Inflation Liberia 2024
Average inflation: 8.8%
Inflation in 2024
Inflation is very high at 8.8%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 10.7%. The lowest inflation was in May at 6.2%.
- Highest month
- February: 10.7%
- Lowest month
- May: 6.2%
- Difference
- 4.5 percentage points
- Months with data
- 6 of 12
Historical Context
Inflation is 1.6 percentage points lower than the 5-year average of 10.4%.
- 5-year average
- 10.4%
- 10-year average
- 13.1%
- All-time high (2019)
- 26.9%
- All-time low (2012)
- 6.9%
Trend
Over the period 2022-2024, inflation shows an upward trend. Compared to 2023, inflation has fallen by 1.3 percentage points.
- Change vs. previous year
- -1.3 percentage points
- Largest monthly swing
- June: -6.2 percentage points
ECB Target
Inflation is 6.8 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 108.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 10.5% | +2.3 |
| February | 10.7% | +2.4 |
| March | 9.4% | +3.3 |
| April | 9.7% | +0.3 |
| May | 6.2% | -6.0 |
| June | 6.2% | -6.2 |
| Average | 8.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026. Not all months available yet.