Guatemala Inflation

Guatemala

Guatemala: Inflation drops to five-year low in January

February 10, 2015

In January, consumer prices fell 0.36% over the previous month, which followed the 0.11% drop tallied in December. January’s result marked the lowest reading in almost six years. The decline in consumer prices mainly resulted from lower prices for transportation and housing.

Annual headline inflation dropped from 3.0% in December to 2.3% in January, which marked the lowest result in five years. Inflation now rests well below the lower bound of the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%.

At its 26 November monetary policy meeting, the Central Bank decided to reduce the policy interest rate from 4.50% to 4.00%.

FocusEconomics Consensus Forecast panelists foresee inflation at 3.6% at the end of 2015, which is down 0.5 percentage points from last month’s estimate. In 2016, FocusEconomics Consensus Forecast participants expect inflation to increase to 4.3%.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation January 2015

Note: Annual and monthly variation of consumer price index in %.
Source: National Statistical Institute


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