Guatemala Inflation January 2018

Guatemala

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.

The Central Bank expects inflation to end 2018 at 4.3%. FocusEconomics panelists see inflation ending next year at 4.1%, which is down 0.1 percentage points from last month’s forecast. For 2019, our panelists expect inflation to again end the year at 4.1%.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation January 2018

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


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