Guatemala: Inflation accelerates in April
May 12, 2017
In April, consumer prices in Guatemala increased 0.26% from the previous month, up from March’s 0.24% increase. Prices rose in all but one of the twelve major categories that make up the index, with food and alcohol prices registering the strongest increase.
April’s inflation came in at 4.1%, which was up from March’s 4.0% reading. Inflation remains within the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 4.0% target.
At its 26 April monetary policy meeting, the Central Bank decided to leave its policy rate unchanged at 3.00%.
Author: Christopher Mc Innes, Economist