Inflation Guyana 2024
Average inflation: 2.9%
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
Peak and Trough
The highest inflation was in June at 4.0%. The lowest inflation was in January at 0.9%.
- Highest month
- June: 4.0%
- Lowest month
- January: 0.9%
- Difference
- 3.1 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.7% lower than the 5-year average of 3.6%.
- 5-year average
- 3.6%
- 10-year average
- 2.3%
- All-time high (2007)
- 12.2%
- All-time low (2015)
- -1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.0 percentage point.
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- January: -5.5 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 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 0.9% | -5.5 |
| February | 1.2% | -5.4 |
| March | 2.3% | -2.6 |
| April | 2.9% | -0.4 |
| May | 3.6% | +0.6 |
| June | 4.0% | +2.1 |
| July | 3.4% | +2.2 |
| August | 3.3% | +3.0 |
| September | 3.4% | +2.4 |
| October | 3.7% | +1.9 |
| November | 3.2% | +1.2 |
| December | 2.9% | +0.9 |
| Average | 2.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.