Guatemala: Inflation drops in June

Consumer prices in Guatemala increased 0.57% in June over the prior month, accelerating from May’s 0.47% increase. The result was primarily driven by a strong increase in the price for food, while prices for transport and communication registered lower prices than the prior month.

Inflation fell from 4.1% in May to 3.8% in June and came in just below the midpoint of Banguat’s target range of 3.0%–5.0%.

Guatemala Inflation Forecast

Banguat expects inflation to end 2018 at 4.3% and 2019 at 4.5%. 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%.