Guatemala: Inflation accelerates in July
August 8, 2016
In July, consumer prices rose 0.69% over the previous month, which came in above the 0.44% rise tallied in June. In July, prices for food and housing increased the most over the previous month, while prices for transport saw the largest drop.
July’s inflation came in at 4.6%, which was above June’s 4.4% reading and was the highest result since November 2013. Inflation is comfortably within the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%.
Author: Christopher Mc Innes, Economist