Guatemala: Inflation continues its downward trend in September
October 9, 2015
In September, consumer prices decreased 0.03% over the previous month, which contrasted the 0.07% rise tallied in August. The result marked an eight-month low.
Inflation inched down from 2.0% in August to 1.9% in September. September’s figure marked the lowest inflation rate since January 2010. As a result, inflation is still hovering well below the lower bound of the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%.
At its 30 September monetary policy meeting, the Bank of Guatemala decided to lower its policy rate to 3.00% from 3.25% to combat falling inflation.
Author: Robert Hill, Economist