Consumer Prices: All Items for Guinea
GINPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-69.11%
Date Range
1/1/2000 - 1/1/2026
Summary
The Consumer Prices: All Items for Guinea index measures changes in the average prices paid by consumers for a basket of goods and services in Guinea. This key economic indicator provides insights into inflation and the purchasing power of the Guinean currency.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Consumer Prices: All Items for Guinea index, also known as the Guinean Consumer Price Index (CPI), tracks the prices of a representative basket of consumer goods and services. It is a widely used measure of inflation in Guinea and a key input for economic policy decisions.
Methodology
The Guinean CPI is calculated by the National Institute of Statistics of Guinea based on a monthly survey of prices collected from retail outlets.
Historical Context
The Consumer Prices index is closely monitored by the Central Bank of Guinea and international institutions to assess inflationary pressures and guide monetary policy.
Key Facts
- Guinea's CPI has a base year of 2010.
- Guinean CPI data has been available since 1996.
- The index covers a basket of over 300 consumer goods and services.
FAQs
Q: What does this economic trend measure?
A: The Consumer Prices: All Items for Guinea index measures changes in the average prices paid by consumers for a basket of goods and services in Guinea.
Q: Why is this trend relevant for users or analysts?
A: The Guinean CPI is a key indicator of inflation that provides insights into the purchasing power of the Guinean currency and is essential for economic policy decisions.
Q: How is this data collected or calculated?
A: The Guinean CPI is calculated by the National Institute of Statistics of Guinea based on a monthly survey of prices collected from retail outlets.
Q: How is this trend used in economic policy?
A: The Consumer Prices index is closely monitored by the Central Bank of Guinea and international institutions to assess inflationary pressures and guide monetary policy.
Q: Are there update delays or limitations?
A: The Guinean CPI data is published monthly with a lag of several weeks.
Related Trends
Private Credit by Deposit Money Banks to GDP for Guinea
DDDI01GNA156NWDB
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Financial Intermediaries for Guinea
GINFCBMNUM
Number of Identified Exporters to Guinea from Iowa
IAGINA475SCEN
Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Guinea
GINFCMTVXDC
Use of Financial Services: Number of Depositors which are Households at Credit Unions and Financial Cooperatives for Guinea
GINFCDODUHPENUM
Bank Deposits to GDP for Guinea
DDOI02GNA156NWDB
Citation
U.S. Federal Reserve, Consumer Prices: All Items for Guinea (GINPCPIPCPPPT), retrieved from FRED.