Inflation, CPI (Average) fell to 28.1% in Libya in 2018

Inflation, CPI (Average) (%)
Economy | Libya | February 01, 2019
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Average inflation measured by CPI reached 28.1 % in 2018 in Libya, according to the National Statistical Office. This is 1.38 % less than in the previous year.

Historically, average inflation measured by CPI in Libya reached an all time high of 28.5 % in 2017 and an all time low of -0.098 % in 2002. When compared to Libya's main peers, average inflation measured by CPI in Algeria amounted to 6.50 %, 2.12 % in Chad, 20.9 % in Egypt and 8.14 % in Tunisia in 2018.

Libya has been ranked 7th within the group of 174 countries we follow in terms of average inflation measured by CPI, 71 places above the position seen 10 years ago.

Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.

Inflation, CPI (Average) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Algeria % 0.056% 6.50% 6.70% 6.00% 7.90%
Cameroon % 0.006% 0.992% 1.09% 2.00% 2.00%
Chad % -0.916% 2.12% 2.56% 2.96% 3.00%
Egypt % 0.295% 20.9% 14.0% 10.9% 7.81%
Israel % 0.002% 0.884% 1.32% 1.78% 2.00%
Italy % 0.012% 1.35% 1.42% 1.48% 1.58%
Libya % 28.5% 28.1% 17.9% 13.4% 13.4%
Malta % 0.014% 1.81% 2.09% 2.07% 2.06%
Morocco % 0.008% 2.40% 1.40% 2.00% 2.00%
Niger % 0.024% 3.90% 2.00% 2.00% 2.00%
Nigeria % 0.165% 12.4% 13.5% 13.0% 14.3%
Saudi Arabia % -0.002% 2.60% 2.02% 2.25% 2.17%
Spain % 0.020% 1.81% 1.78% 1.86% 1.89%
Sudan % 32.4% 61.8% 49.2% 57.9% 58.9%
Tunisia % 0.053% 8.14% 7.52% 5.89% 4.90%