Guatemala Inflation

Guatemala

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%.

The Central Bank sees inflation ending this year at 3.18%, while it expects inflation to close 2016 at 3.53%. FocusEconomics Consensus Forecast panelists foresee inflation at 3.0% at the end of 2015, which is unchanged from last month’s estimate. The panel expects inflation of 3.3% at the end of 2016.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation August 2015

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


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