The inflation rate in Libya was recorded at 2.80 percent in October of 2018. Inflation Rate in Libya averaged 8.72 percent from 2004 until 2018, reaching an all time high of 32.80 percent in May of 2017 and a record low of -4.20 percent in December of 2004.
Inflation Rate in Libya is expected to be 4.00 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 5.50 in 12 months time. In the long-term, the Libya Inflation Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.