Liberia's annual consumer price inflation eased to 4.1% in July 2026 from 5.0% in June and 7.4% a year earlier, the Central Bank of Liberia (CBL) said in its July economic review, published October 22. However, domestic food inflation rose to 12.1% from 10.4% in June. Imported food prices rose only 0.2%, while core inflation, which excludes food and transport, slowed to 2.9%, the bank said.
Analysis: Domestic food inflation accelerated from a 1.6% annual decline a year earlier to a 12.1% increase, the fastest among categories reported by the central bank. Imported food prices were almost unchanged. The Liberian dollar strengthened to 181 per U.S. dollar by end-July from 201 a year earlier, which could be helping contain imported costs, but it does not fully explain the difference. The bank attributed local food pressure to vegetables, fruit, meat and oils. Retailers sourcing goods domestically remain exposed. The August central bank review, expected in November, may indicate whether the increase continued.
Source: Central Bank of Liberia, Research, Policy & Planning Dept, CBL Monthly Economic Review, July 2026, July 2026; Central Bank of Liberia, Research, Policy & Planning Dept, CBL Monthly Economic Review, July 2026 (Vol. 12 No. 7), June 2026 and July 2025 and July 2026; Central Bank of Liberia (CBL), CBL Monetary Policy Committee Communique No. 28 (meeting of October 6, 2026), Q4 2026