The inflation report issued by the Research and Statistics Department of the Central Bank of Libya indicated that the general prices index, according to the data of the Statistics and Census Authority, rose during the first quarter of 2022 to record 284.6 points, which represents an increase of 13.2 points on an annual basis, compared to 271.4 points during the same period of the previous year, so that the inflation rate for the first quarter of 2022 is (4.9%).
In comparison with other countries, Libya is the lowest in front of Tunisia, where inflation reached 7.5, and Egypt 14.9.
By analyzing price trends in commodity groups, the inflation rate has increased in most commodity groups except for tobacco and education. The food group index reached 323.5 points, which is an increase of 15.8 points, equivalent to 5.1%, the clothing and shoe group recorded 428.9 points, which represents an increase of 17.1 points, equivalent to 4.2%, and the housing, water, electricity, gas and other types of fuels group indexes rose to score 186.6 points which is an increase of 10.6 points, equivalent to 6.0%.
The index of the furniture and household appliances group also increased by 13.9 points to record 361.6 points, equivalent to 4.0%. As for the health group, the index scored 345.0 points, an increase of 10.2 points, equivalent to 3.1%.
The record for the transportation group also recorded a remarkable increase of 19.9 points to reach 207.1 points, equivalent to 10.6%, the communications group also increased the record by 0.6 points, to record 83.6 points and represent an increase of 0.8%, and the record for the entertainment and culture group was recorded 206.5, which is an increase of 2.2 points, equivalent to 1.1%. As for the group of restaurants and hotels, the index also rose, recording 345.3 points, which means an increase of 4.9 points, equivalent to 1.4%.
As well as the group of other goods and services witnessed an increase in the index by 11.3 points, recording 296.7 points, which is an increase of 4.0%, while the index of tobacco group decreased by 0.3 points, equivalent to 0.1%, while the prices were stable in the education group.
