Colorful city in Guatemala

Guatemala Inflation August 2022

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

Consumer prices rose 0.68% in August over the previous month, below the 1.08% rise seen in July. August’s result marked the weakest reading since April and was driven by weaker price increased for food and non-alcoholic beverages and clothing and footwear. On the other hand, price growth for housing, electricity, water and fuels accelerates.

Inflation, meanwhile, increased to 8.9% in August, following July’s 8.4%. August’s reading represented the highest inflation rate since December 2008. The trend pointed up, with annual average inflation coming in at 4.8% in August (July: 4.4%).

Analysts at the EIU added:

“Global inflationary pressures will remain strong, and inflation is likely to prove “sticky” and well above the historical average throughout 2023. […] As Guatemala is a net importer of oil and other fuels, domestic transport costs are likely to remain elevated, with spillover effects on core inflation (which excludes food and energy prices). Inflation could be even higher in the event of adverse weather conditions.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest