Inflation in Guatemala
Consumer price inflation in Guatemala averaged 4.1% in the ten years to 2022, above the Central America and Caribbean regional average of 3.4%. The 2022 average figure was 6.9%. For more inflation information, visit our dedicated page.
Guatemala Inflation Chart
Guatemala Inflation Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 3.8 | 3.7 | 3.2 | 4.3 | 6.9 |
Inflation (CPI, ann. var. %, eop) | 2.3 | 3.4 | 4.8 | 3.1 | 9.2 |
Inflation (Core, ann. var. %, eop) | 1.4 | 5.4 | -25.3 | 37.3 | 57.5 |
Inflation increases in April
Inflation came in at 3.4% in April, up from March’s 3.2%. Looking at the details of the release, prices for food and alcoholic beverages, and housing and utilities grew at a stronger rate in April. Meanwhile, clothing and footwear prices lost some momentum. Still, the trend pointed down, with annual average inflation falling to 4.3% in April (March: 4.7%). Finally, consumer prices rose 0.29% from the previous month in April, slowing down from March's 0.31%.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Guatemalan inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Guatemalan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Guatemalan inflation projections.
Want to get access to the full dataset of Guatemalan inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
-
Harmonized inflation rose to 4.9% in April, above March’s 3.8%. April’s result represented the highest inflation rate since March 2023....
-
Italy: Harmonized inflation moderates in April
Harmonized inflation ticked down to 0.9% in April from March’s 1.2%. The moderation was broad-based, with lower price pressures recorded... -
Luxembourg: Harmonized inflation declines to lowest level since January in April
Harmonized inflation came in at 3.0% in April, down from March’s 3.2%. April’s figure marked the lowest inflation rate since... -
Greece: Harmonized inflation slides in April
Harmonized inflation came in at 3.2% in April, which was down from March’s 3.4%. The moderation was primarily due to... -
Austria: Harmonized inflation falls to over two-year low in April
Harmonized inflation eased to 3.4% in April, following March’s 4.1%. April’s reading represented the weakest inflation rate since September 2021... -
Slovakia: Harmonized inflation drops to lowest level in almost three years in April
Harmonized inflation came in at 2.4% in April—matching the Euro area average—down from March’s 2.7%. April’s reading represented the weakest... -
Croatia: Harmonized inflation drops to lowest level since November 2021 in April
Harmonized inflation came in at 4.7% in April, down from March’s 4.9%. April’s result represented the lowest inflation rate since...