Guatemala Inflation


Inflation continues its downward trend in September

In September, consumer prices decreased 0.03% over the previous month, which contrasted the 0.07% rise tallied in August. The result marked an eight-month low.

Inflation inched down from 2.0% in August to 1.9% in September. September’s figure marked the lowest inflation rate since January 2010. As a result, inflation is still hovering well below the lower bound of the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%.

At its 30 September monetary policy meeting, the Bank of Guatemala decided to lower its policy rate to 3.00% from 3.25% to combat falling inflation.

The Central Bank sees inflation ending this year at 3.18%, while it expects inflation to close 2016 at 3.53%. FocusEconomics Consensus Forecast panelists foresee inflation at 3.0% at the end of 2015, which is unchanged from last month’s estimate. The panel expects inflation of 3.3% at the end of 2016.

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Guatemala Inflation Chart

Guatemala Inflation September 2015

Note: Annual and monthly variation of consumer price index in %.
Source: National Statistical Institute

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