Guyana Inflation Rate 1995-2024

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.
  • Guyana inflation rate for 2023 was 2.82%, a 3.29% decline from 2022.
  • Guyana inflation rate for 2022 was 6.12%, a 1.08% increase from 2021.
  • Guyana inflation rate for 2021 was 5.03%, a 4.04% increase from 2020.
  • Guyana inflation rate for 2020 was 0.99%, a 1.09% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 221.34%
Turkey 53.86%
Iran 44.58%
Kazakhstan 14.73%
Serbia 12.37%
Colombia 11.74%
Romania 10.40%
Bulgaria 9.44%
North Macedonia 9.36%
Algeria 9.32%
Azerbaijan 8.79%
Montenegro 8.58%
Samoa 8.12%
Mauritius 7.05%
Jamaica 6.47%
Peru 6.46%
Tonga 6.35%
Guatemala 6.21%
South Africa 6.07%
Namibia 5.88%
Mexico 5.53%
Botswana 5.07%
Belarus 5.00%
Dominican Republic 4.79%
Paraguay 4.63%
Brazil 4.59%
St. Vincent and the Grenadines 4.56%
Belize 4.39%
St. Lucia 4.07%
Gabon 3.63%
Dominica 3.48%
Maldives 2.93%
Guyana 2.82%
Grenada 2.70%
Malaysia 2.49%
Libya 2.37%
Ecuador 2.22%
Jordan 2.08%
Armenia 1.98%
Thailand 1.23%
Costa Rica 0.53%
China 0.23%
Guyana Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 2.82% -3.29%
2022 6.12% 1.08%
2021 5.03% 4.04%
2020 0.99% -1.09%
2019 2.09% 0.80%
2018 1.28% -0.62%
2017 1.90% 1.07%
2016 0.84% 1.84%
2015 -1.00% -1.85%
2014 0.85% -1.05%
2013 1.90% -0.49%
2012 2.39% -2.59%
2011 4.98% 1.24%
2010 3.73% 0.78%
2009 2.95% -5.15%
2008 8.10% -4.10%
2007 12.20% 5.52%
2006 6.68% -0.25%
2005 6.93% 2.26%
2004 4.67% -1.31%
2003 5.98% 0.64%
2002 5.34% 2.71%
2001 2.63% -3.52%
2000 6.15% -1.39%
1999 7.54% 2.95%
1998 4.59% 1.03%
1997 3.56% -3.54%
1996 7.09% -5.12%
1995 12.21% -5.12%