Thursday, October 23, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Economy

Inflation Deepens Libya’s Economic Hardship

June 30, 2025
Inflation Deepens Libya’s Economic Hardship
Share on FacebookShare on Twitter

The World Food Programme (WFP) has recorded the sharpest monthly increase in Libya’s food expenditure so far in 2025, with the cost of the minimum expenditure food basket rising by 8.2% in May to LYD 983.82.

According to the report, this increase is primarily driven by severe price hikes in western Libya, particularly in Tripoli, where mid-May armed clashes disrupted trade and supply chains. As a result, the cost of living surged, with the western region seeing a dramatic 24.2% increase in the average food basket, now costing LYD 1,065.67.

Meanwhile, eastern Libya experienced a slight decrease in costs, down 1.7% to LYD 909.4. However, the city of Kufra recorded the highest food basket cost in the region at LYD 1,081.13. The WFP attributed this to rising demand and pressure on local services, exacerbated by a steady influx of Sudanese refugees.

Nationally, the food price index rose by 8.9%, reaching LYD 864.02, while the non-food price index increased by 3.5%, totalling LYD 119.80. These figures reflect mounting inflationary pressures driven by the weakening Libyan dinar and supply-side constraints.

The WFP warned that continued volatility in basic commodity prices poses a significant risk to household food security across the country. In addition, currency instability and fragmented governance are undermining effective economic planning and inflation control.

As Libya remains gripped by political uncertainty and regional tensions, food insecurity is likely to worsen unless urgent measures are taken to stabilise markets and restore supply chains.

Tags: libyaLibyan CrisistripoliWFP
Next Post
NIHRL Holds Libyan Government Responsible for Ceasefire Breach

NIHRL Holds Libyan Government Responsible for Ceasefire Breach

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya & Tunisia Develop Joint Roadmap for Future Trade Cooperation

Tunisian Human Rights Head Accuses EU of Controlling Libya Through Migration

Libya’s Saddam Haftar Meets Italian Ambassador

EU Lawmakers Urge Brussels to Halt Support for Libyan Migration Authorities

Irini Conducts 20,000 Ship Inspections to Enforce Libya Arms Embargo

Libyan Education Minister Faces Backlash after “Drug Use” Allegations against Teachers

EDITOR PICKS

Egypt & EU Reaffirm Support for Political Settlement in Libya

147 Nigerian Migrants Repatriated from Libya

Sonatrach Resumes Oil Exploration Operations in Libya

Armed Group Kidnaps Head of Youth Council in Libya’s Al-Khoms

Libyan Education Minister Faces Backlash after “Drug Use” Allegations against Teachers

Libya & Tunisia Develop Joint Roadmap for Future Trade Cooperation

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR