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Central Bank of Libya publishes a report on consumer Price Index And Inflation Of April 2023

Data released by the Bureau of Statistics and Census – Ministry of Planning indicate that the consumer price index increased by 6.6 points on an annual basis during April 2023 to record 295.0 points, compared to 288.4 points during the same month of 2022, which means that the inflation rate of reached (2.3%). Hence, on a monthly basis, the inflation rate increased by (0.2%) in April, compared with that of March 2023.

Inflation ratesDuring (April 2022 – April 2023) (Base year 2008)

On an annual base (%)On amonthly base (%)Months
5.50.3April – 2022
5.2-0.2May – 2022
5.00.1June – 2022
4.30.1July – 2022
4.30.2August – 2022
4.30.2September – 2022
4.10.3October – 2022
2.90.3November – 2022
4.10.1December – 2022
3.80.4January – 2023
3.10.2February – 2023
2.40.4March – 2023
2.30.2April – 2023

Analysis of Price Trends in Commodity Groups during April 2023

First: Analysis on an annual basis:

The inflation rate during April 2023 increased by 2.3% (on an annual basis) in all commodity groups, the most prominent of which were as follows:

The prices of other goods and services increased by 3.4%.

The prices of food groups increased by 3.3%.

The prices of the transportation group increased by 3.0%.

The prices of clothing and shoes group increased by 2.9%.

The prices of health group increased by 2.5%

The prices of housing, water, electricity, gas, and other fuels increased by 2.2%.

Consumer Price Index and Inflation (On annual basis) (Base year 2008)

No.Main GroupsWeightsApril  2022April 2023Inflation rate  (On an annual basis)
1Food38.8323.5336.33.9%
2Tobacco0.7264.1265.50.5%
3Clothing and Footwear6.4428.9443.03.3%
4Housing, Water, Electricity, Gas, and other Fuel22.7186.6193.93.9%
5Furniture and Household Equipment4.9361.6369.82.3%
6Health4.1345.0354.42.7%
7Transportation8.1207.1213.22.9%
8Communication2.783.683.90.4%
9Entertainment and Culture2.8206.5209.81.6%
10Education4.0380.1381.20.3%
11Restaurant and Hotels1.7345.3348.91.0%
12Miscellaneous Goods and Services3.1296.7305.73.0%
General Index100.0284.6293.53.10%

Second: Analysis on a monthly basis:

The inflation rate during April 2023 increased by 0.2% (on a monthly basis), which was due to the rise in some commodity groups, which were as follows:

The prices of other goods and services increased by 0.8%.

The prices of clothes and shoes increased by 0.3%.

The prices of the furniture and household equipment group increased by 0.3%.

The prices of food groups increased by 0.2%.

The prices of the transportation group increased by 0.1%

The prices of entertainment and education increased by 0.1%.

Consumer Price Index and Inflation (On a monthly basis) (Base year 2008)                  

No.Main GroupsWeightsApril 2023March 2023Inflation rate  (On a monthly basis)
1Food38.8338.7338.00.2
2Tobacco0.7265.5265.50.0
3Clothing and Footwear6.4446.4444.90.3
4Housing, Water, Electricity, Gas, and other Fuel22.7193.8193.9-0.1
5Furniture and Household Equipment4.9371.5370.30.3
6Health4.1355.7355.60.0
7Transportation8.1214.4214.10.1
8Communication2.783.983.90.0
9Entertainment and Culture2.8210.7210.50.1
10Education4.0381.2381.20.0
11Restaurant and Hotels1.7348.9348.90.0
12Miscellaneous Goods and Services3.1308.8306.40.8
General Index100.0294.5295.00.2

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