Current inflation Liberia 6.2%
June 2024
Current Inflation
Inflation is very high at 8.8%, far above the ECB target.
Historical Context
Current inflation is 1.6% 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
Inflation shows an upward trend. Compared to 2023, inflation has risen by -1.3 percentage point.
ECB Target
Inflation is 6.8% 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 €108.80 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 8.8%
- Last year
- 10.1%
- 5-year average
- 8.8%
- All-time high (2019)
- 26.9%