Guatemala Inflation December 2017

Guatemala

Guatemala: Inflation climbs away from Banguat's target range in December

January 10, 2018

Consumer prices rose 0.95% from a month earlier in December, ticking up from November’s 0.86% increase. December’s increase was largely due to a jump in food prices—especially tomatoes—and air transport prices, as well as higher propane prices. Other fresh produce items, including onions and avocados, experienced lower prices in the month.

Inflation jumped to 5.7% in December from 4.7% a month earlier. As a result, inflation landed outside Banguat’s target range of 4.0% plus/minus 1.0 percentage point for the first time since July. Furthermore, annual average inflation for full-year 2017 came in at 4.4%, inching up from 4.3% in the 12 months through November.

Banguat expects inflation to end 2018 at 4.3%. FocusEconomics panelists see inflation ending next year at 4.1%, which is unchanged from last month’s forecast. For 2019, our panelists expect inflation to again end the year at 4.2%.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation December 2017

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


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