Guatemala Inflation April 2019

Guatemala

Guatemala: Inflation climbs higher in April

May 7, 2019

Consumer prices increased 0.60% over the previous month in April, contrasting the 0.04% decrease registered in March. The jump was largely driven by a sharp rise in transportation costs and a rebound in the prices of food and non-alcoholic beverages, while lower prices for communication partly offset price gains.

Inflation rose to an over one-year high of 4.8% in April from 4.2% in March, moving closer to the upper limit of the Central Bank’s 3.0%–5.0% target range. Meanwhile, annual average inflation inched up to 3.8% in April from 3.7% in March.

Banguat expects inflation to end 2019 at 4.0% and 2020 at 4.3%. Last month, FocusEconomics panelists saw inflation ending 2019 at 4.0%, which was up 0.2 percentage points from the previous month’s forecast. For 2020, our panelists expected inflation to end the year at 3.6%. New forecasts will be published on 14 May.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation April 2019

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


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