Guatemala: Inflation edges up in February
March 8, 2017
In February, consumer prices Guatemala increased 0.3% from the previous month, down from January’s 0.5% increase. While prices rose in nine of the twelve major categories that make up the index, with food prices registering the strongest increase, these were partly offset by a sizeable drop in transport prices.
February’s inflation came in at 4.0%, which was above January’s 3.8%. Inflation remains within the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 4.0% target.
At its 22 February monetary policy meeting, the Central Bank decided to leave its policy rate unchanged at 3.00%.
Author: Christopher Mc Innes, Economist