Guatemala: Inflation falls in December
January 11, 2017
In December, consumer prices remained virtually unchanged as they increased just 0.01% from the previous month, following the 0.39% increase seen in November. While prices rose in ten of the twelve major components that make up the index, these were offset by a drop in food prices—an important component within the index.
December’s inflation came in at 4.2%, which was below November’s 4.7% reading. Inflation remains within the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 4.0% target.
Author: Christopher Mc Innes, Economist