Development of inflation rates in Guinea
The inflation rate for consumer prices in Guinea moved over the past 15 years between 4.7% and 34.7%. For 2020, an inflation rate of 10.6% was calculated.During the observation period from 2005 to 2020, the average inflation rate was 16.1% per year. Overall, the price increase was 804.65 %. An item that cost 100 Franc in 2005 was so charged 904.65 Franc in the beginning of 2021.
In only a very 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 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
Performance over the last 15 years compared to the US
Performance based on 100% in year 2004.
Inflation calculator for Guinea
Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Franc in 2005 corresponds to an amount of 9,046.49 Franc at the beginning of 2021 due to inflation.Development of inflation rates for consumer goods in Guinea
| Year | Guinea | Ø USA | Ø World |
|---|---|---|---|
| 2020 | 10.60 % | 1.23 % | 1.89 % |
| 2019 | 9.47 % | 1.81 % | 2.21 % |
| 2018 | 9.83 % | 2.44 % | 2.44 % |
| 2017 | 8.91 % | 2.13 % | 2.19 % |
| 2016 | 8.17 % | 1.26 % | 1.55 % |
| 2015 | 10.82 % | 0.12 % | 1.43 % |
| 2014 | 7.07 % | 1.62 % | 2.35 % |
| 2013 | 11.89 % | 1.46 % | 2.62 % |
| 2012 | 15.23 % | 2.07 % | 3.73 % |
| 2011 | 21.35 % | 3.16 % | 4.82 % |
| 2010 | 15.46 % | 1.64 % | 3.35 % |
| 2009 | 4.68 % | -0.36 % | 2.94 % |
| 2008 | 23.07 % | 3.84 % | 8.95 % |
| 2007 | 18.18 % | 2.85 % | 4.82 % |
| 2006 | 34.70 % | 3.23 % | 4.28 % |
| 2005 | 31.37 % | 3.39 % | 4.11 % |
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