Food prices fuel Guyana’s inflation

(Kaieteur News) – Food prices remain a major driver of inflation in Guyana, with the Inter-American Development Bank (IDB) reporting a 5.9 percent increase in food prices in early 2026.

In its Caribbean Economics Quarterly: Volume 16, Issue 2 – Fiscal Resilience, Debt Reduction, and Domestic Resource Mobilisation in the Caribbean, the IDB reported that Guyana’s inflation stood at 2.9 percent year-over-year at the end of 2025.

It adds that while costs of miscellaneous items rose markedly during the period, it stated that the average consumer price level was underpinned by a further increase in the price of food, which the report says “has had the greatest impact on inflation.” Food prices in 2025 rose by 4.4 percent, medical care by 4.9 percent, and miscellaneous items by 6.8 percent.