Guatemala Inflation October 2016


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%.

The Central Bank sees inflation ending this year at 4.25%, while it expects inflation to close 2017 at 4.50%. FocusEconomics panelists see inflation ending the year at 4.2%, which is up 0.1 percentage points from last month's estimate. Next year, the panel expects inflation to accelerate to 4.3%, which is unchanged from last month's forecast.

Author:, Economist

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Guatemala Inflation Chart

Guatemala Inflation October 2016

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

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