Inflation Libya 2022
Average inflation: 4.5%
Current Inflation
Inflation is high at 4.5%, well above the ECB target.
Peak and Trough
The highest inflation was in March at 5.7%. The lowest inflation was in November at 2.9%.
- Highest month
- March: 5.7%
- Lowest month
- November: 2.9%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is around the 5-year average of 4.1%.
- 5-year average
- 4.1%
- 10-year average
- 8.7%
- All-time high (2016)
- 25.9%
- All-time low (2019)
- -2.1%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +1.6 percentage point.
- Change vs. previous year
- +1.6 percentage points
- Largest monthly swing
- April: +5.0 percentage points
ECB Target
Inflation is 2.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 4.1% | +1.3 |
| February | 4.8% | +2.1 |
| March | 5.7% | +4.1 |
| April | 5.5% | +5.0 |
| May | 5.2% | +3.7 |
| June | 5.0% | +2.9 |
| July | 4.3% | +1.2 |
| August | 4.3% | +0.9 |
| September | 4.3% | +0.6 |
| October | 4.1% | 0.0 |
| November | 2.9% | -2.4 |
| December | 4.1% | +0.4 |
| Average | 4.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.