Inflation rates in Guinea
The inflation rate for consumer prices in Guinea moved over the past 16 years between 4.7% and 34.7%. For 2021, an inflation rate of 12.6% was calculated.During the observation period from 2005 to 2021, the average inflation rate was 15.8% per year. Overall, the price increase was 918.61%. An item that cost 100 Franc in 2005 cost 1,018.61 Franc in the beginning of 2022.
› Inflation rates in global comparison
Back to overview: Guinea
Performance over the last 16 years compared with the USA
In only a few countries is the price increase is that high. The Consumer Price Index (CPI) of 34.7% in 2006 means, that compared to the previous year all prices increased by an average of 34.7%. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.Performance based on 100% in 2004:
Inflation calculator for Guinea
Enter any amount, an initial year and an end year here. You will then be provided with the original amount after inflation. Example: 1000 Franc in 2005 corresponds to 10,186.09 Franc at the beginning of 2022 due to inflation.Inflation rates for consumer goods in Guinea
Historical inflation rates in comparison
| Year | Guinea | Ø EU | Ø USA | Ø World |
|---|---|---|---|---|
| 2021 | 12.60 % | 2.55 % | 4.70 % | 3.42 % |
| 2020 | 10.60 % | 0.50 % | 1.23 % | 1.92 % |
| 2019 | 9.47 % | 1.63 % | 1.81 % | 2.19 % |
| 2018 | 9.83 % | 1.74 % | 2.44 % | 2.44 % |
| 2017 | 8.91 % | 1.43 % | 2.13 % | 2.19 % |
| 2016 | 8.17 % | 0.18 % | 1.26 % | 1.55 % |
| 2015 | 10.82 % | -0.06 % | 0.12 % | 1.43 % |
| 2014 | 7.07 % | 0.20 % | 1.62 % | 2.35 % |
| 2013 | 11.89 % | 1.22 % | 1.46 % | 2.62 % |
| 2012 | 15.23 % | 2.66 % | 2.07 % | 3.73 % |
| 2011 | 21.35 % | 3.29 % | 3.16 % | 4.82 % |
| 2010 | 15.46 % | 1.53 % | 1.64 % | 3.35 % |
| 2009 | 4.68 % | 0.84 % | -0.36 % | 2.94 % |
| 2008 | 23.07 % | 4.16 % | 3.84 % | 8.95 % |
| 2007 | 18.18 % | 2.51 % | 2.85 % | 4.82 % |
| 2006 | 34.70 % | 2.67 % | 3.23 % | 4.28 % |
| 2005 | 31.37 % | 2.49 % | 3.39 % | 4.11 % |
Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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