The inflation rate in Libya was recorded at -6 percent in September of 2019. Inflation Rate in Libya averaged 8.16 percent from 2004 until 2019, reaching an all time high of 31.60 percent in July of 2016 and a record low of -6.10 percent in August of 2019. source: Bureau of Statistics and Census Libya
Inflation Rate in Libya is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Libya to stand at -1.40 in 12 months time. In the long-term, the Libya Inflation Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.
Libya Inflation Rate
In Libya, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories in the consumer price index are Food and beverages (38.8 percent of the total weight), Housing, water, electricity and other fuels (22.7 percent), Transport (8.1 percent), Clothing and footwear (6.4 percent), Furniture and household equipment (4.9 percent), Health (4.1 percent), and Education (4.0 percent). Recreation and culture, Communication, Restaurant and hotels, tobacco, and Miscellaneous goods and services account for the remaining 11 percent.