Guatemala: Inflation edges up in October
November 7, 2016
In October, consumer prices increased 0.69% from the previous month, contrasting the 0.21% contraction seen in September. The print was largely driven by a jump in food prices, as well as robust price increases in transportation and recreation. These increases more than offset the contraction in housing prices.
October’s inflation came in at 4.8%, which was slightly above September’s 4.6% reading. This brought inflation closer to the Central Bank’s upper tolerance limit of 5.0%.
Author: Christopher Mc Innes, Economist