Guatemala Consumer Confidence August 2020

Guatemala

Guatemala: Inflation hits highest level since July 2019 in August

September 8, 2020

Consumer prices increased 0.40% over the previous month in August, broadly unchanged from July's 0.42% increase. August's result marked the softest rise in prices since May. The print reflected falling prices for housing; health; and communication being offset by a marked rise in transport prices.

Inflation came in at 4.2% in August, above July’s 2.9%. August's result was the highest inflation rate since July 2019. Annual average inflation edged up to 2.4% in August (July: 2.3%).

FocusEconomics panelists see inflation ending 2020 at 2.5%, which is up 0.1 percentage points from the previous month’s forecast. For 2021, our panelists expect inflation to end the year at 3.5%.


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Guatemala Inflation August 20 20 0

Note: Annual and monthly variation of consumer price index in %.
Source: Central Bank of Guatemala


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