Average inflation measured by CPI reached 4.56 % in 2019 in Libya, according to the National Statistical Office. This is 482 % less than in the previous year.
Historically, average inflation measured by CPI in Libya reached an all time high of 29.4 % in 1978 and an all time low of -9.86 % in 2002. When compared to Libya's main peers, average inflation measured by CPI in Algeria amounted to 1.95 %, -0.972 % in Chad, 13.9 % in Egypt and 6.72 % in Tunisia in 2019.
Libya has been ranked 43rd within the group of 175 countries we follow in terms of average inflation measured by CPI, 60 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.