Current inflation Liberia 6.2%
June 2024
Current Inflation
Inflation is very high at 6.2%, far above the ECB target.
Historical Context
Inflation is 4.2 percentage points lower than the 5-year average of 10.4%. This approaches the lowest level since records began (6.9% in 2012).
- 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, average inflation in 2024 through June has fallen by 1.3 percentage points.
ECB Target
Inflation is 4.2 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 106.20 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2024 through June
- 8.8%
- Last year
- 10.1%
- 5-year average
- 10.4%
- All-time high (2019)
- 26.9%