Our source obtained exclusively the report of the Research and Statistics Department of the Central Bank of Libya regarding inflation.
The data issued by the Statistics and Census Authority – Ministry of Planning indicate that the general consumer price index rose during the first quarter of 2023 to record 293.5 points, an increase of 8.9 points on an annual basis, compared to 284.6 points during the same quarter of the previous year 2022, with the inflation rate recording ( 3.1%).
general inflation rate
(base year 2008)
| Year | Inflation rate % |
| 2015 | 9.9 |
| 2016 | 25.9 |
| 2017 | 25.8 |
| 2018 | 13.6 |
| 2019 | -2.2 |
| 2020 | 1.4 |
| 2021 | 2.8 |
| 2022 | 4.6 |
| First quarter of 2023 | 3.1 |
Analysis of price trends in commodity groups during the first quarter of 2023
The inflation rate recorded during the first quarter of 2023 (on an annual basis) an increase in all commodity groups, the most prominent of which were as follows:
The food group prices increased by 3.9%.
– An increase in the prices of housing, water, electricity, gas and other fuels by 3.9%.
The prices of the clothing and shoes group increased by 3.3%.
– An increase in the prices of the other goods and services group by 3.0%.
The transportation group prices increased by 2.9%.
Health group prices increased by 2.7%.
The index for the foodstuff group reached 336.3 points, an increase of 12.8 points, equivalent to 3.9%, and the index for the tobacco group reached 265.5 points, an increase of 1.4 points, equivalent to 0.5%. The index for the clothing and footwear group also scored 443.0 points. That is, an increase of 14.1 points, equivalent to 3.3%. The index for the housing, water, electricity, gas, and other fuels group also increased, as it scored 193.9 points, an increase of 7.3 points, equivalent to 3.9%. Likewise, the index for the furniture and home appliances group increased by 8.2 points, to record 369.8 points, or 2.3%. As for the health group, it scored 354.4 points, an increase of 9.4 points, or 2.7%. The index for the transportation group increased by 6.1 points, to reach 213.2 points, equivalent to 2.9%. The index for the communications group also increased by 0.3 points, to record 83.9 points, an increase of 0.4%. The index for the entertainment and culture group scored 209.8, that is, an increase. by 3.3 points, equivalent to 1.6%, and the index for the education group increased by 1.1 points to reach 381.2 points, equivalent to 0.3%. As for the restaurants and hotels group, the index also increased, recording 348.9 points, an increase of 3.6 points and a rate of 1.0%. Likewise, the group of other goods and services witnessed an increase in the index by 9.0 points, recording 305.7 points, an increase of 3.0%.
Consumer price index and inflation by major groups (base year 2008)
| Order | Major groups | Weight | First Quarter 2022 | First Quarter 2023 | Inflation rate (year-on-year) |
| 1 | Food | 38.8 | 323.5 | 336.3 | 3.9% |
| 2 | Tobacco | 0.7 | 264.1 | 265.5 | 0.5% |
| 3 | Clothes and shoes | 6.4 | 428.9 | 443.0 | 3.3% |
| 4 | Housing, water, electricity, gas and other fuels | 22.7 | 186.6 | 193.9 | 3.9% |
| 5 | Furniture and appliances | 4.9 | 361.6 | 369.8 | 2.3% |
| 6 | Health | 4.1 | 345.0 | 354.4 | 2.7% |
| 7 | Transport | 8.1 | 207.1 | 213.2 | 2.9% |
| 8 | Telecommunications | 2.7 | 83.6 | 83.9 | 0.4% |
| 9 | Entertainment and culture | 2.8 | 206.5 | 209.8 | 1.6% |
| 10 | Education | 4.0 | 380.1 | 381.2 | 0.3% |
| 11 | Restaurants and hotels | 1.7 | 345.3 | 348.9 | 1.0% |
| 12 | Other goods and services | 3.1 | 296.7 | 305.7 | 3.0% |
| General record | 100.0 | 284.6 | 293.5 | 3.1% |
Source: Statistics and Census Authority, Ministry of Planning.
Inflation rates (January 2022 – March 2023) (base year 2008)
| Month | Monthly | Yearly |
| January– 2022 | 0.6 % | 4.1 % |
| February– 2022 | 0.9 % | 4.8 % |
| March– 2022 | 1.1 % | 5.7 % |
| April– 2022 | 0.3 % | 5.5 % |
| May – 2022 | -0.2 % | 5.2 % |
| June– 2022 | 0.1 % | 5.0 % |
| July– 2022 | 0.1 % | 4.3 % |
| August– 2022 | 0.2 % | 4.3 % |
| September– 2022 | 0.2 % | 4.3 % |
| October– 2022 | 0.3 % | 4.1 % |
| November– 2022 | 0.3 % | 2.9 % |
| December– 2022 | 0.1 % | 4.1 % |
| January– 2023 | 0.4 % | 3.8 % |
| February– 2023 | 0.2 % | 3.1 % |
| March– 2023 | 0.4 % | 2.4 % |
