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Trade and Prices Department                                                        back



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 monthly 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 (July 2019) -  Georgetown

Dec 2009 = 100
                         
  2013 2014 2015 2016 2017 2018 2018 2019 2019 %Change

ITEM

DEC DEC DEC DEC DEC APR DEC JUN JUL DEC'18JUL'19 JUN'19 JUL'19 JUL'18
JUL'19
                         

ALL ITEMS

112.6 113.9 111.9 113.5 115.2 114.8 117.1 118.9 119.2 1.8 0.3 2.8
Food 124.1 126.7 125.4 130.7 134.4 132.5 138.5 144.5 146.0 5.4 1.0 7.9
Clothing 98.4 99.3 98.5 95.4 95.7 97.9 94.2 90.5 90.0 -4.4 -0.6 -7.0
Footwear & Repairs 89.8 96.1 96.3 94.0 94.3 88.7 82.4 81.4 81.4 -1.2 0.0 -7.2
Housing 100.8 100.6 98.8 98.8 99.3 99.7 100.3 99.9 99.6 -0.7 -0.3 -0.5
Furniture 95.9 95.4 91.8 91.2 91.8 91.2 90.6 89.6 89.7 -1.0 0.2 -1.4
Transport & Communication 121.9 121.2 117.2 116.7 118.0 119.1 120.3 120.2 119.7 -0.4 -0.4 -0.4
Medical & Personal Care 116.0 121.6 122.1 123.5 126.9 126.8 129.6 132.4 130.0 0.3 -1.8 2.5
Education, Recreational and Cultural Services 96.9 98.7 95.1 94.7 97.7 96.6 96.0 96.5 96.5 0.6 0.0 0.0
Miscellaneous Goods & Services 112.8 120.9 120.9 120.9 119.8 119.6 120.3 120.8 120.8 0.5 0.0 0.5



Urban Consumer Price Index  (June 2019) -  Georgetown

Dec 2009 = 100
                         
  2013 2014 2015 2016 2017 2018 2018 2019 2019 %Change

ITEM

DEC DEC DEC DEC DEC APR DEC MAY JUN DEC'18JUN'19 MAY'19 JUN'19 JUN'18
JUN'19
                         

ALL ITEMS

112.6 113.9 111.9 113.5 115.2 114.8 117.1 118.4 118.9 1.6 0.4 2.4
Food 124.1 126.7 125.4 130.7 134.4 132.5 138.5 142.9 144.5 4.4 1.2 6.3
Clothing 98.4 99.3 98.5 95.4 95.7 97.9 94.2 90.4 90.5 -3.8 0.1 -6.9
Footwear & Repairs 89.8 96.1 96.3 94.0 94.3 88.7 82.4 81.9 81.4 -1.2 -0.5 -7.3
Housing 100.8 100.6 98.8 98.8 99.3 99.7 100.3 100.1 99.9 -0.4 -0.2 -0.2
Furniture 95.9 95.4 91.8 91.2 91.8 91.2 90.6 89.7 89.6 -1.1 -0.1 -1.3
Transport & Communication 121.9 121.2 117.2 116.7 118.0 119.1 120.3 120.2 120.2 0.0 0.0 0.0
Medical & Personal Care 116.0 121.6 122.1 123.5 126.9 126.8 129.6 132.4 132.4 2.2 0.0 4.5
Education, Recreational and Cultural Services 96.9 98.7 95.1 94.7 97.7 96.6 96.0 96.5 96.5 0.6 0.0 0.0
Miscellaneous Goods & Services 112.8 120.9 120.9 120.9 119.8 119.6 120.3 120.8 120.8 0.4 0.0 0.9




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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

Dec '18 - Jul. '19:
           
1.8

Average Exchange Rate (Mid Rate)

Apr '19:   
G$215.47
to US $1
May '19:   
G$214.45
to US $1
Jun '19:   
G$213.31
to US $1


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