Colorful city in Guatemala

Guatemala Inflation February 2023

Guatemala: Inflation accelerates in February

Inflation rose to 9.9% in February, following January’s 9.7%. The pick-up was primarily due to stronger price growth for food and alcoholic beverages, as well as for housing and utilities. In contrast, annual transport inflation nearly halved from the previous month.

Accordingly, the trend pointed up, with annual average inflation coming in at 8.0% in January (December: 7.5%).

Finally, consumer prices increased 0.64% from the previous month in February (January: +0.38%).

Analysts at the EIU commented on the outlook:

“We expect global food and fuel prices to moderate further this year, although they will remain elevated by historical standards. Local monetary tightening and a further easing of global supply bottlenecks will also support disinflation.”

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