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.
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Performance over the last 14 years compared to the European Union
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 issued with the amount that arose from the original amount after inflation. Example: 1000 Franc in 2005 corresponds to an amount of 8,179.04 Franc at the beginning of 2020 due to inflation.Development of inflation rates for consumer goods in Guinea
| Jahr | Guinea | Ø European Union |
|---|---|---|
| 2005 | 31.37 % | 2.47 % |
| 2006 | 34.70 % | 2.60 % |
| 2007 | 22.84 % | 2.48 % |
| 2008 | 18.38 % | 4.16 % |
| 2009 | 4.68 % | 0.93 % |
| 2010 | 15.46 % | 1.53 % |
| 2011 | 21.35 % | 3.29 % |
| 2012 | 15.23 % | 2.66 % |
| 2013 | 11.89 % | 1.22 % |
| 2014 | 7.07 % | 0.20 % |
| 2015 | 10.82 % | -0.06 % |
| 2016 | 8.17 % | 0.18 % |
| 2017 | 8.91 % | 1.43 % |
| 2018 | 9.83 % | 1.74 % |
| 2019 | 9.47 % | 1.63 % |