Cost of food in Libya decreased 3.70 percent in February of 2019 over the same month in the previous year. Food Inflation in Libya averaged 11.61 percent from 2005 until 2019, reaching an all time high of 49.70 percent in December of 2017 and a record low of -12.12 percent in October of 2012.
Food Inflation in Libya is expected to be -6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Libya to stand at -4.00 in 12 months time. In the long-term, the Libya Food Inflation is projected to trend around 4.60 percent in 2020, according to our econometric models.