Liberia: Inflation

* indicates monthly or quarterly data series

Inflation: percent change in the Consumer Price Index

 Latest value 23.6
 Year 2018
 Measure percent
 Data availability 2002 - 2018
 Average 10.5
 Min - Max 6.8 - 23.6
 Source The World Bank
For that indicator, we provide data for Liberia from 2002 to 2018. The average value for Liberia during that period was 10.5 percent with a minimum of 6.8 percent in 2012 and a maximum of 23.6 percent in 2018. The latest value from 2018 is 23.6 percent. For comparison, the world average in 2018 based on 173 countries is 4.0 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Liberia - Inflation - Recent values chart

Historical chart
Liberia - Inflation - historical chart - 2002-2018

Inflation in Liberia and other countries is usually calculated as the percent change in the Consumer Price Index (CPI) from one year to the next. The CPI represents the prices paid by the average urban consumer in each respective country. Inflation can also be calculated with other price indexes such as the Produce Price Index or the so-called GDP deflator.

Most countries try to keep inflation somewhere around 2-3 percent per year. That is too low to cause any problems for the businesses and households. At the same time, it is comfortably away from negative inflation, i.e. from deflation. Of course, this target is often missed.
Definition: 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.

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 Related indicators Latest value Reference Measure
 Inflation 23.6 2018 percent
 Exchange rate regimes 6 2021 index points
 USD exchange rate 186.3647 9/2023 Local Currency Units per USD
 Money supply (broad money) 52.43 9/2023 billion
 Consumer Price Index (CPI) 712.3300 9/2023 index points
 Inflation, monthly -1.32 9/2023 percent
 Inflation, annual 9.96 9/2023 percent
 Private sector credit 107.19 9/2023 billion
 Deposit interest rate 3.53 9/2023 percent
 Mortgage credit interest rate 13.38 Q3/2022 percent
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