The International Monetary Fund has expected the continued rise in prices and inflation rates in Libya and the Arab region during 2022.

According to the data of the World Economic Prospects report issued this April, the inflation rate in Libya will reach 3.7% in 2022, indicating that the Libyan economy will grow at the end of this year at a rate ranging between 3.5% to 5.3%, while Iraq will record the fastest economic growth in the Arab region, estimated at 9.5%.

The data of the Central Bank of Libya issued last December showed an increase in the inflation rate in Libya by 4.1%, amid a noticeable increase in the prices of goods in the country.