Current inflation ليبيا 2.3%
December 2024
Current Inflation
Inflation is normal at 2.3%, around the ECB target.
Historical Context
Inflation is around 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, average inflation in 2024 through December has fallen by 0.3 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 102.300 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2024 through December
- 2.1%
- Last year
- 2.4%
- 5-year average
- 2.7%
- All-time high (2016)
- 25.9%