Guatemala: Inflation edges down in August
September 8, 2015
In August, consumer prices increased 0.07% over the previous month, which was below the 0.51% rise tallied in July. In addition, the result marked a seven-month low.
Inflation inched down from 2.3% in July to 2.0% in August. August’s figure marked the lowest inflation rate since January 2010. As a result, inflation is still hovering 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 August monetary policy meeting, the Central Bank decided to leave the policy rate unchanged at 3.25%.
Author: Robert Hill, Economist