Guatemala: Inflation falls back to Central Bank's target range in January
February 7, 2018
Consumer prices fell 0.40% from a month earlier in January, contrasting December’s 0.95% month-on-month increase. January’s reading was largely driven by a fall in food prices—notably tomatoes and onions—and air transport prices. On the other hand, the price of other fresh produce items increased, especially potatoes.
Meanwhile, inflation fell to 4.7% in January, from 5.7% a month earlier. This print brought inflation back within Banguat’s target range of 4.0% plus or minus 1.0 percentage point. Furthermore, annual average inflation for the 12 months through January came in at 4.7%, inching up from 4.3% in the full-year 2017.
Author: Joffrey Simonet, Economist