Guinea: cost of living

What is the inflation rate in Guinea?

Consumer prices in Guinea rose 6.4% in the year to July 2026, according to the National Statistics Institute's harmonised consumer price index note for July 2026. Average inflation over the past twelve months was 4.9%, and prices rose 0.7% in July alone.

Food and non-alcoholic drink prices rose 13.5% on the year and made the largest contribution. Annual inflation was highest in Faranah (+9.3%) and Kankan (+7.5%), and 6.2% in Conakry. In July, fresh produce prices rose 1.6% while energy prices fell 1.2%, and prices of local products rose 1.0% while imported products fell 0.2%.

Official sources: harmonised consumer price index note for July 2026

How many people in Guinea live in poverty?

43.7% of Guineans lived below the national poverty line in 2018/2019, according to the INS's 2024 statistical yearbook, using the household living conditions survey (EHCVM). The rate was 55.2% in 2012 and 15.7% in Conakry in 2018/2019.

The national poverty line in 2018/2019 was GNF 5,994,513 per person per year in Conakry and GNF 4,909,851 in rural areas. On the international line of USD 3.00 a day at 2021 prices, the World Bank gives a poverty rate of 11.7% for 2018. The Gini index of inequality was 0.272 in the INS data.

Official sources: 2024 statistical yearbook · World Bank

What is the inflation rate in Guinea?

In 2025, consumer price inflation in Guinea was 3.6%, according to the IMF. It is the bottom of the series, which starts in 2005. Across Sub-Saharan Africa the middle value was 3.4%, and Guinea placed 18th highest of 39. World rank, highest first: 66th of 165.

How much do people in Guinea spend?

The latest figure from the World Bank, for 2025, is $722. It is the top of the series, which starts in 2006. It is 21st highest of 37 in Sub-Saharan Africa, where the median is $840. Worldwide: 108th of 124.

How many people in Guinea live on under $3 a day?

According to the World Bank, the share of people living on less than $3.00 a day in Guinea was 11.7% in 2018. It was 44.0% in 2007. It is 14th highest of 15 in Sub-Saharan Africa, where the median is 37.1%. Worldwide: 18th of 92.

What is the poverty rate in Guinea?

The latest figure from the World Bank, for 2018, is 43.7%. Sub-Saharan Africa median: 40.8%; Guinea is 4th highest of 15. Worldwide: 5th of 67.

How unequal are incomes in Guinea?

The latest figure from the World Bank, for 2018, is 29.6. In 2007 the figure was 39.4. Across Sub-Saharan Africa the middle value was 37.3, and Guinea placed 15th highest of 15. Worldwide: 75th of 92.