Inflation Libya 2023
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in January at 3.8%. The lowest inflation was in November at 1.8%.
- Highest month
- January: 3.8%
- Lowest month
- November: 1.8%
- Difference
- 2.0 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.6% higher than the 5-year average of 1.8%.
- 5-year average
- 1.8%
- 10-year average
- 8.7%
- All-time high (2016)
- 25.9%
- All-time low (2019)
- -2.1%
Trend
Inflation has remained relatively stable. Compared to 2022, the difference is minimal (-2.1 percentage point).
- Change vs. previous year
- -2.1 percentage points
- Largest monthly swing
- March: -3.3 percentage points
ECB Target
Inflation is 0.4% 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 €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 3.8% | -0.3 |
| February | 3.1% | -1.7 |
| March | 2.4% | -3.3 |
| April | 2.3% | -3.2 |
| May | 2.5% | -2.7 |
| June | 2.4% | -2.6 |
| July | 2.1% | -2.2 |
| August | 2.1% | -2.2 |
| September | 2.1% | -2.2 |
| October | 2.0% | -2.1 |
| November | 1.8% | -1.1 |
| December | 1.8% | -2.3 |
| Average | 2.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.