Guatemala Inflation

Guatemala

Guatemala: Inflation edges down in September

October 7, 2014

In September, consumer prices rose 0.05% over the previous month, which was below the 0.42% increase recorded in August. The slowdown was mainly driven by lower prices for transportation, whereas prices increased in almost every other sub-component of the index.

Annual headline inflation edged down from 3.7% in August to 3.5% in September. Inflation still remains anchored within the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%. Annual core consumer prices recorded flat growth in September, down from August’s 2.0% increase.

At its 24 September monetary policy meeting, the Central Bank decided to leave the policy interest rate unchanged at 4.50%.

FocusEconomics Consensus Forecast panelists see inflation at 4.3% by the end of 2014, which is unchanged from last month’s estimate. In 2015, FocusEconomics Consensus Forecast participants expect inflation to increase to 4.4%.


Author: Angela Bouzanis, Senior Economist

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Guatemala Inflation Chart


Guatemala Inflation September 2014

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


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