Guatemala: Inflation decreases in December
January 6, 2014
In December, consumer prices rose 0.31% over the previous month, which followed the 0.45% increase recorded in November. The print mainly reflected higher prices for transportation and housing, according to the statistical institute.
Annual headline inflation inched down from 4.6% in November to 4.5% in December. As a result, inflation remains well anchored within the Central Bank's tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%. Core consumer prices added 0.13% in December (November: +0.05% month-on-month), while annual core inflation was steady at November's 2.6%.
FocusEconomics Consensus Forecast panelists see inflation at 4.8% by the end of 2014, which is unchanged from last month's estimate. In 2015, FocusEconomics Consensus Forecast participants expect inflation to inch down to 4.7%.