Inflation Guyana 2008
Average inflation: 8.1%
Inflation in 2008
Inflation is very high at 8.1%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 11.6%. The lowest inflation was in November at 6.0%.
- Highest month
- March: 11.6%
- Lowest month
- November: 6.0%
- Difference
- 5.6 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 0.9 percentage points lower than the 5-year average of 9.0%.
- 5-year average
- 9%
- 10-year average
- 9%
- All-time high (2007)
- 12.2%
- All-time low (2006)
- 6.7%
Trend
Over the period 2006-2008, inflation shows an upward trend. Compared to 2007, inflation has fallen by 4.1 percentage points.
- Change vs. previous year
- -4.1 percentage points
- Largest monthly swing
- November: -8.1 percentage points
ECB Target
Inflation is 6.1 percentage points 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 GYD 100 this year will cost approximately GYD 108.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 8.4% | -0.9 |
| February | 9.2% | +0.7 |
| March | 11.6% | +3.4 |
| April | 10.8% | +0.7 |
| May | 8.2% | -4.5 |
| June | 7.4% | -5.7 |
| July | 6.5% | -7.3 |
| August | 7.3% | -6.0 |
| September | 7.9% | -6.4 |
| October | 7.9% | -6.9 |
| November | 6.0% | -8.1 |
| December | 6.4% | -7.6 |
| Average | 8.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.