Guatemala Inflation July 2018

Guatemala

Guatemala: Inflation drops in July

September 4, 2018

Consumer prices in Guatemala increased 0.36% in July over the previous month, decelerating from June’s 0.57% increase. The food and communication sub-categories recorded the biggest increases in price levels as 9 of the 12 components registered higher prices in July than in June. Transportation, meanwhile, recorded the biggest drop in prices.

Inflation fell from 3.8% in June to 2.6% in July, moving further below the midpoint of the Central Bank’s target range of 3.0%–5.0%.

Banguat expects inflation to end 2018 at 4.0% and 2019 at 4.3%. 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:, Economist

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Guatemala Inflation July 2018 0

Note: Annual and monthly variation of consumer price index in %.
Source: Central Bank of Guatemala.


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