Guatemala Inflation June 2019

Guatemala

Guatemala: Inflation climbs in June

July 31, 2019

Consumer prices rose 0.83% month-on-month in June, up from the 0.26% increase in May. The print reflected a jump in communication prices, while food and health prices also rose in June. Recreation, housing, and transportation became cheaper, however.

Inflation, meanwhile, edged up to 4.8% in June from 4.5% in May and moved closer to the upper limit of the Central Bank’s 3.0%–5.0% target range. Annual average inflation inched up to 3.9% in June from 3.8% in May.

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 May 2019 0

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


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