Inflation rate of Liberia soared by 40.60% from 8.8 % in 2016 to 12.4 % in 2017. Since the 21.46% slump in 2015, inflation rate rocketed by 60.62% in 2017.
The description is composed by our digital data assistant.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. Data for inflation are averages for the year, not end-of-period data.