Guatemala Inflation July 2022

Guatemala

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

August 12, 2022

Consumer prices increased 1.08% in July over the previous month, coming in below the 1.83% rise logged in June. July's result marked the weakest reading since April. The reading was primarily due to a slower rise in prices for food and alcoholic beverages.

Inflation came in at 8.4% in July, which was up from June’s 7.6%. July's reading was the highest inflation rate since December 2008. Annual average inflation rose to 4.4% in July (June: 4.0%).

FocusEconomics panelists see inflation ending 2022 at 4.0%. For 2022, our panelists expect inflation to end the year at 3.9%.


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Guatemala Inflation July 2022

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


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