Inflation Guinea 2023
Average inflation: 7.8%
Current Inflation
Inflation is very high at 7.8%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 9.3%. The lowest inflation was in July at 6.0%.
- Highest month
- December: 9.3%
- Lowest month
- July: 6.0%
- Difference
- 3.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 35.9%. The lowest price increase was in Food with an average of 16.3%.
- Highest increase
- Energy: 35.9%
- Lowest increase
- Food: 16.3%
Historical Context
Current inflation is 2.4% lower than the 5-year average of 10.2%.
- 5-year average
- 10.2%
- 10-year average
- 9.6%
- All-time high (2008)
- 26.6%
- All-time low (2009)
- 4.8%
Trend
Inflation shows a downward trend. Compared to 2022, inflation has fallen by +2.7 percentage point.
- Change vs. previous year
- -2.7 percentage points
- Largest monthly swing
- July: -6.4 percentage points
ECB Target
Inflation is 5.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €107.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 8.3% | -3.5 |
| February | 8.1% | -4.2 |
| March | 8.0% | -4.4 |
| April | 8.3% | -2.7 |
| May | 7.9% | -3.2 |
| June | 6.2% | -6.3 |
| July | 6.0% | -6.4 |
| August | 8.0% | -0.5 |
| September | 7.9% | -0.6 |
| October | 7.9% | -0.8 |
| November | 7.9% | -0.7 |
| December | 9.3% | +0.7 |
| Average | 7.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.