Inflation Guinea 2024
Average inflation: 8.2%
Current Inflation
Inflation is very high at 8.2%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 9.3%. The lowest inflation was in December at 6.4%.
- Highest month
- January: 9.3%
- Lowest month
- December: 6.4%
- Difference
- 2.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 15.2%. The lowest price increase was in Energy with an average of 7.2%.
- Highest increase
- Food: 15.2%
- Lowest increase
- Energy: 7.2%
Historical Context
Current inflation is 1.7% lower than the 5-year average of 9.9%.
- 5-year average
- 9.9%
- 10-year average
- 9.8%
- All-time high (2008)
- 26.6%
- All-time low (2009)
- 4.8%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.4 percentage point.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- December: -2.9 percentage points
ECB Target
Inflation is 6.2% 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 €108.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 9.3% | +1.0 |
| February | 9.0% | +0.9 |
| March | 8.7% | +0.7 |
| April | 8.0% | -0.3 |
| May | 7.9% | 0.0 |
| June | 8.1% | +1.9 |
| July | 7.9% | +1.9 |
| August | 8.4% | +0.4 |
| September | 8.3% | +0.4 |
| October | 7.9% | 0.0 |
| November | 7.9% | 0.0 |
| December | 6.4% | -2.9 |
| Average | 8.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.