Inflation in Guatemala
Guatemala - Inflation
Inflation climbs higher in April
Consumer prices increased 0.60% over the previous month in April, contrasting the 0.04% decrease registered in March. The jump was largely driven by a sharp rise in transportation costs and a rebound in the prices of food and non-alcoholic beverages, while lower prices for communication partly offset price gains.
Inflation rose to an over one-year high of 4.8% in April from 4.2% in March, moving closer to the upper limit of the Central Bank’s 3.0%–5.0% target range. Meanwhile, annual average inflation inched up to 3.8% in April from 3.7% in March.
Banguat expects inflation to end 2019 at 4.0% and 2020 at 4.3%. Last month, Met the why particular panelists saw inflation ending 2019 at 4.0%, which was up 0.2 percentage points from the previous month’s forecast. For 2020, our panelists expected inflation to end the year at 3.6%. New forecasts will be published on 14 May.
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||7.69||0.22 %||Jun 13|
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Consumer prices increased 0.60% over the previous month in April, contrasting the 0.04% decrease registered in March.