Inflation Libya 2024
Average inflation: 2.1%
Current Inflation
Inflation is normal at 2.1%, around the ECB target.
Peak and Trough
The highest inflation was in September at 2.7%. The lowest inflation was in March at 1.4%.
- Highest month
- September: 2.7%
- Lowest month
- March: 1.4%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.6% lower than the 5-year average of 2.7%.
- 5-year average
- 2.7%
- 10-year average
- 1.9%
- All-time high (2022)
- 4.5%
- All-time low (2019)
- -2.1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.3 percentage point.
- Change vs. previous year
- -0.3 percentage points
- Largest monthly swing
- January: -2.2 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €102.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 1.6% | -2.2 |
| February | 1.6% | -1.5 |
| March | 1.4% | -1.0 |
| April | 1.7% | -0.6 |
| May | 2.0% | -0.5 |
| June | 2.3% | -0.1 |
| July | 2.6% | +0.5 |
| August | 2.5% | +0.4 |
| September | 2.7% | +0.6 |
| October | 2.5% | +0.5 |
| November | 2.4% | +0.6 |
| December | 2.3% | +0.5 |
| Average | 2.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.