Libyan inflation hits 16 percent
Purchasing power of the Libyan dinar and people's savings have declined by the same rate.
Libyan inflation reached an average of 16 percent in September 2026 compared to the previous year, according to data from the Bureau of Statistics and Census. This means the purchasing power of the Libyan dinar and people's wealth have declined by 16 percent.
Dr. Mohamed Al-Manfi, Advisor to the Libyan Business Council (Eastern Region Branch), reported the figures on the council's social media. He questioned whether external or internal factors are driving this inflation, noting that Libya imports a large portion of its goods.
The House of Representatives has begun debating Libya's economic crisis, aiming to implement reforms. Inflation has been a significant concern for Libyans with fixed and low incomes.
Why it mattersLibyans' savings and the value of their currency have decreased by 16 percent.