Colorful city in Guatemala

Guatemala Inflation March 2023

Guatemala: Inflation declines to lowest level since July 2022 in March

Inflation came in at 8.7% in March, which was down from February’s 9.9%. March’s reading represented the weakest inflation rate since July 2022. The cooling of price pressures was largely driven by a more moderate rise in prices for food and alcoholic beverages. In addition, price pressures for housing, electricity, water and fuels moderated.

Annual average inflation rose to 8.4% in March (February: 8.0%).

Finally, consumer prices increased 0.38% over the previous month in March, coming in below February’s 0.64% increase.

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