Inflation Libya 2024
Average inflation: 2.1%
Inflation in 2024
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
Inflation is 0.6 percentage points lower than the 5-year average of 2.7%.
- 5-year average
- 2.7%
- 10-year average
- 8.7%
- All-time high (2016)
- 25.9%
- All-time low (2019)
- -2.1%
Trend
Over the period 2022-2024, inflation shows a downward trend. Compared to 2023, inflation has fallen by 0.3 percentage points.
- 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 LYD 100 this year will cost approximately LYD 102.100 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.