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Updated: 6 Feb. 2019
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Trade and Prices Department                                                        back

Head: Ms. Maxine Bentt
mbentt@statisticsguyana.gov.gy
(592)225-9070 / (592)227-1155

Prices Section
Function: This section's main function is the compilation and publication of Consumer Price Indices using prices collected from the urban centres of Guyana.

Consumer Price Indices are used for monitoring of changes in prices of a commodity basket. The items, which make up the baskets used by the Bureau, were selected after the completion of a Household Budget Survey (HBS) in 2005/6. The Georgetown basket consists of two hundred and seventeen (217) items (goods and services), which are further categorised in nine (9) groups. 

The Georgetown Consumer Price Index (CPI) is the main tool used by the Government to measure the rate of inflation, and is also used by trade unions, international organisations and members of the public for monitoring changes in prices.

Data collection: Prices are collected on many items ranging from consumer items such as food and beverages to hardware. For the compilation of the Georgetown Consumer Price index prices are collected weekly from five (5) markets, and monthly (15th of each month to the end of the month) from one hundred and ten (110) outlets such as supermarkets, stores, gas stations, hospitals, restaurants, eating houses etc.

The index is published quarterly and is distributed to all stakeholders; this is known as the Georgetown Consumer Price Index.

Georgetown Inflation Rate & Index for the period 1994 - 2018 Downloads available here:Georgetown Inflation Rate & Index for the period 1994 - 2018



Urban Consumer Price Index (Feb. 2019) -  Georgetown

Dec 2009 = 100
                     
  2015 2016 2017 2018 2018 2019 2019 %Change

ITEM

DEC DEC DEC FEB DEC JAN FEB DEC'18FEB'19 JAN'19 FEB'19 FEB'18
FEB'19
                     

ALL ITEMS

111.9 113.5 115.2 115.4 117.1 117.1 116.9 -0.1 0.0 1.4
Food 125.4 130.7 134.4 134.5 138.5 138.5 138.9 0.4 -0.1 3.3
Clothing 98.5 95.4 95.7 98.1 94.2 90.9 90.9 -3.5 0.0 -7.4
Footwear & Repairs 96.3 94.0 94.3 88.9 82.4 82.2 82.2 -0.2 0.0 -7.4
Housing 98.8 98.8 99.3 99.6 100.3 100.2 100.1 -0.2 -0.1 0.6
Furniture 91.8 91.2 91.8 91.7 90.6 89.5 89.5 -1.2 0.0 -2.4
Transport & Communication 117.2 116.7 118.0 118.9 120.3 119.7 119.9 -0.3 0.1 0.9
Medical & Personal Care 122.1 123.5 126.9 125.8 129.6 126.9 126.9 -2.0 0.0 0.9
Education, Recreational and Cultural Services 95.1 94.7 97.7 97.1 96.0 96.6 96.5 0.5 -0.1 -0.6
Miscellaneous Goods & Services 120.9 120.9 119.8 119.7 120.3 120.5 120.6 0.2 0.0 0.7



Urban Consumer Price Index  (Jan. 2019) -  Georgetown

Dec 2009 = 100
                     
  2014 2015 2016 2017 2018 2018 2019 %Change

ITEM

DEC DEC DEC DEC JAN DEC JAN DEC'18JAN'19 JAN'18 JAN'19
                   

ALL ITEMS

113.9 111.9 113.5 115.2 116.2 117.1 117.1 -0.1 0.7
Food 126.7 125.4 130.7 134.4 137.3 138.5 138.5 0.4 1.3
Clothing 99.3 98.5 95.4 95.7 98.2 94.2 90.9 -3.5 -7.4
Footwear & Repairs 96.1 96.3 94.0 94.3 89.9 82.4 82.2 -0.2 -8.6
Housing 100.6 98.8 98.8 99.3 99.5 100.3 100.2 -0.2 0.7
Furniture 95.4 91.8 91.2 91.8 91.6 90.6 89.5 -1.3 --2.3
Transport & Communication 121.2 117.2 116.7 118.0 118.3 120.3 119.7 -0.4 1.2
Medical & Personal Care 121.6 122.1 123.5 126.9 125.8 129.6 126.9 -2.0 0.9
Education, Recreational and Cultural Services 98.7 95.1 94.7 97.7 97.1 96.0 96.6 0.6 -0.5
Miscellaneous Goods & Services 120.9 120.9 120.9 119.8 119.8 120.3 120.5 0.2 0.6




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Guyana at a Glance



Population 746,955  (Census 2012)
Size 214,970 square km
Location Between 1o & 9o  North Latitude and 57o & 61o West Longitude
Time Zone GMT - 04:00
Currency Guyana Dollar (G$)
Per capita GDP 2016 at basic prices US$3,883.00
Nominal GDP 2016 G$723,581  million
Real GDP 2016 G$442,254  million
Inflation Rate

Feb'18 - Feb.'19:
           
1.4

Average Exchange Rate (Mid Rate)

Dec '17:   
G$212.57
to US $1
Jan '19:   
G$213.82
to US $1
Feb '19:   
G$215.37
to US $1


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