Guyana - Inflation, consumer prices (annual %) 1995 - 2021
Guyana's inflation, consumer prices (annual %) is currently 5.03%, according to the most recent World Bank data for the country (2021).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Guyana's inflation, consumer prices (annual %) for 2021 was 5.033%, a 406.66% increase from 2020, with a +4 difference.
- In 2020 it was 0.993%, a -52.41% increase from 2019, with a -2 difference.
- In 2019 it was 2.087%, a 62.70% increase from 2018.
- In 2018 it was 1.283%, a -32.65% increase from 2017.
- In 2017 it was 1.905%, a 127.83% increase from 2016.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Guyana is currently 4.5038% (average of years with recorded data) with a lowest recorded value of -1.0017% in 2015 and a highest value of 12.2105% in 1995.
Guyana's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1995 | 12.211% | |
| 1996 | 7.095% | -41.90% |
| 1997 | 3.556% | -49.88% |
| 1998 | 4.586% | 28.99% |
| 1999 | 7.538% | 64.36% |
| 2000 | 6.149% | -18.44% |
| 2001 | 2.627% | -57.27% |
| 2002 | 5.341% | 103.28% |
| 2003 | 5.981% | 11.98% |
| 2004 | 4.668% | -21.94% |
| 2005 | 6.926% | 48.35% |
| 2006 | 6.677% | -3.59% |
| 2007 | 12.2% | 82.71% |
| 2008 | 8.102% | -33.59% |
| 2009 | 2.952% | -63.56% |
| 2010 | 3.733% | 26.46% |
| 2011 | 4.978% | 33.33% |
| 2012 | 2.392% | -51.95% |
| 2013 | 1.901% | -20.51% |
| 2014 | 0.853% | -55.15% |
| 2015 | -1.002% | -217.49% |
| 2016 | 0.836% | 183.46% |
| 2017 | 1.905% | 127.83% |
| 2018 | 1.283% | -32.65% |
| 2019 | 2.087% | 62.70% |
| 2020 | 0.993% | -52.41% |
| 2021 | 5.033% | 406.66% |
Expand
Comparison with Countries in the Latin America & Caribbean Region.
Among countries in the same World Bank Latin America & Caribbean (LAC) region, Guyana comes in 22nd with 5.033% inflation, consumer prices (annual %).
- Within the same region, Dominican Republic comes in 12th with 8.811%, inflation, consumer prices (annual %).
- Peru comes in 13th with 8.334%.
- Costa Rica comes in 14th with 8.275%.
- Mexico comes in 15th with 7.896%.
- Antigua and Barbuda comes in 16th with 7.531%.
- El Salvador comes in 17th with 7.199%.
- Guatemala comes in 18th with 6.885%.
- St. Lucia comes in 19th with 6.378%.
- St. Vincent and the Grenadines comes in 20th with 5.66%.
- Bahamas, The comes in 21st with 5.605%.
- Aruba comes in 23rd with 4.257%.
- Barbados comes in 24th with 4.1%.
- Ecuador comes in 25th with 3.466%.
- Belize comes in 26th with 3.236%.
- Panama comes in 27th with 2.857%.
- St. Kitts and Nevis comes in 28th with 2.667%.
- Curacao comes in 29th with 2.622%.
- Sint Maarten (Dutch part) comes in 30th with 2.192%.
- Trinidad and Tobago comes in 31st with 2.059%.
- And Bolivia comes in 32nd with 1.746%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Latin America & Caribbean Region.
Top 10 Countries in the Latin America & Caribbean Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.95% | 2016 |
| 2 | Suriname | 52.45% | 2022 |
| 3 | Haiti | 33.98% | 2022 |
| 4 | Chile | 11.64% | 2022 |
| 5 | Nicaragua | 10.47% | 2022 |
| 6 | Jamaica | 10.35% | 2022 |
| 7 | Colombia | 10.18% | 2022 |
| 8 | Paraguay | 9.77% | 2022 |
| 9 | Brazil | 9.28% | 2022 |
| 10 | Uruguay | 9.10% | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Guyana comes in 41st with 5.033% inflation, consumer prices (annual %).
- Within the same income group, Germany comes in 31st with 6.873%, inflation, consumer prices (annual %).
- Canada comes in 32nd with 6.803%.
- Australia comes in 33rd with 6.594%.
- Luxembourg comes in 34th with 6.336%.
- Malta comes in 35th with 6.154%.
- Singapore comes in 36th with 6.121%.
- Norway comes in 37th with 5.764%.
- Bahamas, The comes in 38th with 5.605%.
- France comes in 39th with 5.222%.
- Korea, Rep. comes in 40th with 5.088%.
- Qatar comes in 42nd with 4.995%.
- United Arab Emirates comes in 43rd with 4.828%.
- Israel comes in 44th with 4.394%.
- Aruba comes in 45th with 4.257%.
- Barbados comes in 46th with 4.1%.
- Brunei Darussalam comes in 47th with 3.682%.
- Bahrain comes in 48th with 3.626%.
- Kuwait comes in 49th with 3.424%.
- Panama comes in 50th with 2.857%.
- And Switzerland comes in 51st with 2.835%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lithuania | 19.705% | 2022 |
| 2 | Estonia | 19.398% | 2022 |
| 3 | Latvia | 17.310% | 2022 |
| 4 | Czechia | 15.100% | 2022 |
| 5 | Hungary | 14.608% | 2022 |
| 6 | Poland | 14.430% | 2022 |
| 7 | Romania | 13.796% | 2022 |
| 8 | Slovak Republic | 12.774% | 2022 |
| 9 | Chile | 11.644% | 2022 |
| 10 | Croatia | 10.781% | 2022 |
| 11 | Netherlands | 10.001% | 2022 |
| 12 | Greece | 9.645% | 2022 |
| 13 | Belgium | 9.598% | 2022 |
| 14 | Uruguay | 9.104% | 2022 |