Guatemala Inflation October 2022


Guatemala: Inflation comes in at highest level since November 2008 in October

November 10, 2022

Inflation came in at 9.7% in October, which was up from September’s 9.0%. October's figure was the highest inflation rate since November 2008. The figure was largely due to rising prices for food and alcoholic beverages. In addition, price pressures for clothing and footwear increased at a stronger pace.

Annual average inflation rose to 5.8% in October (September: 5.3%).

Finally, consumer prices increased 0.98% in October over the previous month, accelerating from September's 0.36% increase.

FocusEconomics panelists see inflation ending 2023 at 5.1%, which is up 0.3 percentage points from last month. For 2024, our panelists expect inflation to end the year at 4.0%.


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Guatemala Inflation Chart

Guatemala Inflation October 2022 0

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

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