Inflation in Guatemala
Guatemala - Inflation
Inflationary pressures intensify in January
Consumer prices rose 1.35% over the previous month in January, a sharp increase from December’s 0.13% price rise. The result came on the heels of a marked increase in the price level for food, which offset steep declines in the prices for recreation and transport, which fell in tandem with the drop in oil prices in recent months.
Inflation also picked up from 2.3% in December to 4.1% in January, returning within the Central Bank’s 3.0%–5.0% target range. Meanwhile, annual average inflation remained virtually unchanged at 3.7% in January compared to 3.8% in December.
Guatemala Inflation Forecast
Banguat expects inflation to end 2019 at 4.0%. Met the why particular panelists see inflation ending 2019 at 3.7%, which is unchanged unchanged from last month’s forecast. For 2020, our panelists expect inflation to end the year at 3.4%.
Guatemala - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.3||3.4||2.4||4.5||4.4|
5 years of economic forecasts for more than 30 economic indicators.
Guatemala Inflation Chart
Source: National Statistical Institute and Met the why particular calculations.
|Exchange Rate||7.74||0.22 %||Feb 14|
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February 13, 2019
Growth in economic activity decelerated from a revised 3.8% expansion in November to 3.3% in December, according to Banguat’s monthly index of economic activity.
February 8, 2019
Consumer prices rose 1.35% over the previous month in January, a sharp increase from December’s 0.13% price rise.
February 8, 2019
Remittances from workers abroad rose 8.4% over the same month a year prior in January, which marked a much softer pace of expansion compared to December’s 17.1% year-on-year increase.
January 11, 2019
The economy picked up some steam in the third quarter on resilient domestic demand, which offset a weaker external sector.
January 9, 2019
Growth in economic activity accelerated from 3.2% year-on-year in October to 3.4% in November, according to Banguat’s monthly index of economic activity.