Guatemala Inflation February 2018

Guatemala

Guatemala: Inflation approaches Banguat target midpoint in February

March 7, 2018

Consumer prices fell 0.20% from a month earlier in February, moderating from January’s 0.40% month-on-month decline. February’s reading was driven largely by a fall in food prices, especially tomatoes and onions. On the other hand, electricity prices rose marginally.

Inflation eased to 4.2% in February from 4.7% a month earlier. As a result, inflation approached the midpoint of Banguat’s target range of 4.0% plus/minus 1.0 percentage point. Furthermore, annual average inflation was stable from a month earlier at 4.5%.

Banguat expects inflation to end 2018 at 4.3%. FocusEconomics panelists see inflation ending next year at 4.1%, which is down 0.1 percentage points from last month’s forecast. For 2019, our panelists expect inflation to again end the year at 4.1%.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation February 2018

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


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