Average inflation measured by CPI reached 0.381 % in 2018 in Guinea Bissau, according to the National Statistical Office. This is 305 % less than in the previous year.
Historically, average inflation measured by CPI in Guinea Bissau reached an all time high of 113 % in 1985 and an all time low of -3.47 % in 2003. When compared to Guinea Bissau's main peers, average inflation measured by CPI in Gambia amounted to 6.52 %, 9.83 % in Guinea, 1.73 % in Mali and 0.455 % in Senegal in 2018.
Guinea Bissau has been ranked 166th within the group of 175 countries we follow in terms of average inflation measured by CPI, 97 places behind the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.