Colorful city in Guatemala

Guatemala Inflation July 2019

Guatemala: Inflation eases in August

Consumer prices dropped 0.86% month-on-month in August, down from the 0.06% decrease in July. The result was driven by markedly cheaper foods and transportation.

Inflation fell from 4.4% in July to 3.0% in August, the lowest reading since December; as a consequence, inflation dropped to the lower limit of the Central Bank’s 3.0%–5.0% target range. Annual average inflation, meanwhile, edged down to 4.0% in August from 4.1% in July.

On 25 September, Banguat’s Monetary Policy Board kept the interest rate unchanged at 2.75%. The decision reflected within-target range inflation and expectations of well-anchored inflation over the medium term, while economic indicators point to growth consistent with the Bank’s 3.0%–3.8% projection. Meanwhile, the Bank also noted that while still-favorable, the global backdrop has been affected by downside risks.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest