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%.