Libya inflation rate for 2023 was 2.37%, a 2.14% decline from 2022.
Libya inflation rate for 2022 was 4.51%, a 1.64% increase from 2021.
Libya inflation rate for 2021 was 2.87%, a 1.42% increase from 2020.
Libya inflation rate for 2020 was 1.45%, a 3.61% increase from 2019.
Inflation as measured by the consumer price index 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. The Laspeyres formula is generally used.
