Guatemala: Inflation comes in below Central Bank's target range in July
August 7, 2018
Consumer prices in Guatemala increased 0.36% in July over the previous month, easing from June’s 0.57% increase. The result came on the back of lower prices for transport, recreation and culture, and clothing and footwear. Prices for food increased, but at a softer pace.
Inflation fell from 3.8% in June to 2.6% in July, which is below the lower bound of Banguat’s target range of 3.0%–5.0%. This marked both the lowest print and the first time inflation came in below the target range since November 2015.
Guatemala Inflation Forecast
Banguat expects inflation to end 2018 at 4.3% and 2019 at 4.5%. FocusEconomics panelists see inflation ending this year at 3.8%, which is unchanged from last month’s forecast. For 2019, our panelists expect inflation to end the year at 4.1%.
Author: Lindsey Ice, Economist