Guatemala: Inflation jumps at the end of 2015
January 6, 2016
In December, consumer prices rose 0.43% over the previous month, which came in slightly below the 0.47% rise tallied in November. The result marked a three-month low.
Inflation jumped from 2.5% in November to 3.1% in December, the highest reading in over a year. As a result, inflation closed 2015 just within the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%.
At its 25 November monetary policy meeting, the Bank of Guatemala decided to keep its policy rate at 3.00%. The Bank had lowered the rate at its previous meeting in order to combat falling inflation.