Guatemala Inflation April 2020

Guatemala

Guatemala: Inflation edges higher in April

May 8, 2020

Consumer prices rose 0.71% month-on-month in April, up from March’s 0.48% increase. The print was driven by markedly higher prices for food, which more than offset a steep drop in transport prices as global oil prices fell to historic lows.

Inflation, meanwhile, rose from 1.8% March to 1.9% in April, moving closer to the Central Bank’s 3.0%–5.0% target range; however, the annual average inflation rate eased to 2.8% from 3.0%.

Consumer prices rose 0.71% month-on-month in April, up from March’s 0.48% increase. The print was driven by markedly higher prices for food, which more than offset a steep drop in transport prices as global oil prices fell to historic lows.

Inflation, meanwhile, rose from 1.8% March to 1.9% in April, moving closer to the Central Bank’s 3.0%–5.0% target range; however, the annual average inflation rate eased to 2.8% from 3.0%.

Consumer prices rose 0.71% month-on-month in April, up from March’s 0.48% increase. The print was driven by markedly higher prices for food, which more than offset a steep drop in transport prices as global oil prices fell to historic lows.

Inflation, meanwhile, rose from 1.8% March to 1.9% in April, moving closer to the Central Bank’s 3.0%–5.0% target range; however, the annual average inflation rate eased to 2.8% from 3.0%.

FocusEconomics panelists see inflation ending 2020 at 2.7%, which is unchanged from the previous month’s forecast. For 2021, our panelists expect inflation to end the year at 3.3%.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation April 20 20 0

Note: Annual and monthly variation of consumer price index in %.
Source: Guatemala Central Bank.


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