Guatemala Inflation


Guatemala: Inflation falls in 2014

January 8, 2015

In December, consumer prices fell 0.11% over the previous month, which contrasted the 0.19% increase recorded in November. The result marked the first fall in consumer prices in over three years. The decline in consumer prices was largely driven by a fall in the price of transportation.

Annual headline inflation ended 2014 at 3.0%, which was down from 4.4% in 2013. Inflation now rests at the lower bound of the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%.

At its 26 November monetary policy meeting, the Central Bank decided to reduce the policy interest rate from 4.50% to 4.00%.

FocusEconomics Consensus Forecast panelists see inflation at 3.6% at the end of 2015, which is down 0.5 percentage points from last month’s estimate. In 2016, FocusEconomics Consensus Forecast participants expect inflation to increase to 4.3%.

Author: Angela Bouzanis, Senior Economist

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Guatemala Inflation Chart

Guatemala Inflation December 2014

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

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