Guatemala Inflation May 2019

Guatemala

Guatemala: Inflation climbs higher in April

July 1, 2019

Consumer prices rose 0.26% month-on-month in May, down from the 0.60% increase in April. The print reflected robust housing prices, which were partially offset by a noticeably softer rise in transport costs.

Inflation, meanwhile, edged down to 4.5% in May from 4.8% in April and moved closer to the midway point of the Central Bank’s 3.0%–5.0% target range. Annual average inflation was stable at April’s 3.8% in June.

Banguat expects inflation to end 2019 at 4.0% and 2020 at 4.3%. FocusEconomics panelists see 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%.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation May 2019

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


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