Guatemala: Inflation continues to moderate
September 8, 2012
In August, consumer prices rose 0.45% over the previous month, which was above the 0.35% increase recorded in July. According to the National Statistics Institute, the monthly rise was broad-based, as all but one category increased over the previous month. In particular, transport as well as food prices reported the largest gains. Annual inflation fell from 2.9% in July to 2.7% in August, which marks the lowest rate since February 2010. Moreover, the core inflation index added 0.39% over the previous month (July: +0.32% month-on-month), driving the annual core inflation to 3.4%, which is unchanged from July. The Central Bank set an inflation target range of 4.5% plus/minus 1.0% for this year. For 2013, monetary officials have set an inflation target range of 4.0% +/- 1.0%.