Food prices sky-rocketed in March, pushing the annual inflation rate up to 4.5%, figures released by the National Statistics Office today show. The annual inflation last month stood at 4.5%, an increase from the 4.2% registered in February, according to the Harmonised Index of Consumer Prices. The annual rate compares inflation in a particular month with the same month of the previous year and could be influenced by one-off effects. The HICP confirmed that the largest upward impact on annual inflation in March was measured in the food and non-alcoholic beverages index. In March, the annual inflation rate for food stood at 8.7%.

Source: Libya Today April 21, 2022 23:47 UTC