Inflation Guyana 2023
Average inflation: 2.9%
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
Peak and Trough
The highest inflation was in February at 6.6%. The lowest inflation was in August at 0.3%.
- Highest month
- February: 6.6%
- Lowest month
- August: 0.3%
- Difference
- 6.3 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.5% lower than the 5-year average of 3.4%.
- 5-year average
- 3.4%
- 10-year average
- 2.1%
- All-time high (2007)
- 12.2%
- All-time low (2015)
- -1%
Trend
Inflation shows a downward trend. Compared to 2022, inflation has fallen by +3.2 percentage point.
- Change vs. previous year
- -3.2 percentage points
- Largest monthly swing
- September: -6.2 percentage points
ECB Target
Inflation is 0.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 6.4% | +0.2 |
| February | 6.6% | +0.9 |
| March | 4.9% | -1.4 |
| April | 3.3% | -4.2 |
| May | 3.0% | -0.3 |
| June | 1.9% | -3.1 |
| July | 1.2% | -4.1 |
| August | 0.3% | -6.1 |
| September | 1.0% | -6.2 |
| October | 1.8% | -4.7 |
| November | 2.0% | -4.9 |
| December | 2.0% | -5.2 |
| Average | 2.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.