Guatemala Inflation


Inflation decreases in December

In December, consumer prices rose 0.31% over the previous month, which followed the 0.45% increase recorded in November. The print mainly reflected higher prices for transportation and housing, according to the statistical institute.

Annual headline inflation inched down from 4.6% in November to 4.5% in December. As a result, inflation remains well anchored within the Central Bank's tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%. Core consumer prices added 0.13% in December (November: +0.05% month-on-month), while annual core inflation was steady at November's 2.6%.

FocusEconomics Consensus Forecast panelists see inflation at 4.8% by the end of 2014, which is unchanged from last month's estimate. In 2015, FocusEconomics Consensus Forecast participants expect inflation to inch down to 4.7%.

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Guatemala Inflation Chart

Guatemala Inflation December 2013

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

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