Guinea: Inflation

* indicates monthly or quarterly data series

Inflation: percent change in the Consumer Price Index

 Latest value 10.5
 Year 2022
 Measure percent
 Data availability 2005 - 2022
 Average 14.7
 Min - Max 4.7 - 34.7
 Source The World Bank
For that indicator, we provide data for Guinea from 2005 to 2022. The average value for Guinea during that period was 14.7 percent with a minimum of 4.7 percent in 2009 and a maximum of 34.7 percent in 2006. The latest value from 2022 is 10.5 percent. For comparison, the world average in 2022 based on 162 countries is 12.7 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Guinea - Inflation - Recent values chart

Historical chart
Guinea - Inflation - historical chart - 2005-2022

Inflation in Guinea and other countries is usually calculated as the percent change in the Consumer Price Index (CPI) from one year to the next. The CPI represents the prices paid by the average urban consumer in each respective country. Inflation can also be calculated with other price indexes such as the Produce Price Index or the so-called GDP deflator.

Most countries try to keep inflation somewhere around 2-3 percent per year. That is too low to cause any problems for the businesses and households. At the same time, it is comfortably away from negative inflation, i.e. from deflation. Of course, this target is often missed.
Definition: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

 Related indicators Latest value Reference Measure
 Inflation 10.5 2022 percent
 Money supply (broad money) 43,824.97 9/2022 billion
 Consumer Price Index (CPI) 145.5000 9/2023 index points
 Inflation, monthly 0.07 9/2023 percent
 Inflation, annual 4.75 9/2023 percent
 Deposit interest rate 3.71 Q3/2022 percent
 USD exchange rate 8,615.9692 9/2023 Local Currency Units per USD
 Exchange rate regimes 5 2021 index points
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