Development of inflation rates in Guinea
The inflation rate for consumer prices in Guinea moved over the past 14 years between 4.7% and 34.7%. For 2019, an inflation rate of 9.5% was calculated.
During the observation period from 2005 to 2019, the average inflation rate was 16.4%
per year. Overall, the price increase was 717.90 %. An item that cost 100 Franc in 2005 was so charged 817.90 Franc in the beginning of 2020.
In only a very few countries, the price increase is that high. The rate of 34.7% in 2006 means, that compared to the previous year all prices have been increased by an average of 34.7%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Guinea