Guatemala Inflation August 2022

Guatemala

Guatemala: Inflation comes in at highest level since December 2008 in August

October 7, 2022

Inflation rose from 8.9% in August to 9.0% in September, marking the highest print in nearly 14 years. The print was likely driven by continued energy and food price pressures.

Meanwhile, the trend deteriorated as annual average inflation rose to 5.3% in September from 4.8% in August.

Lastly, consumer prices rose 0.36% month on month in September, moderating from August’s 0.68% increase and marking the softest monthly increase since January.

FocusEconomics panelists see inflation ending 2022 at 7.9%. For 2022, our panelists expect inflation to end the year at 4.8%.


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Guatemala Inflation August 2022 1

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


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