Inflation rates in Guinea
The inflation rate for consumer prices in Guinea moved over the past 17 years between 4.7% and 34.7%. For 2022, an inflation rate of 10.5% was calculated.During the observation period from 2005 to 2022, the average inflation rate was 15.5% per year. Overall, the price increase was 1,025.50%. An item that cost 100 francs in 2005 costs 1,125.50 francs at the beginning of 2023.
› Inflation rates in global comparison
Back to overview: Guinea
Performance over the last 17 years compared with the USA
In only a few countries 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: 1,000 francs in 2005 corresponds to 11,254.98 francs at the beginning of 2023 due to inflation.Inflation rates for consumer goods in Guinea
Historical inflation rates in comparison
| Year | Guinea | Ø EU | Ø USA | Ø World |
|---|---|---|---|---|
| 2022 | 10.49 % | 9.22 % | 8.00 % | 8.31 % |
| 2021 | 12.60 % | 2.55 % | 4.70 % | 3.48 % |
| 2020 | 10.60 % | 0.48 % | 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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