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