Guatemala Inflation December 2016

Guatemala

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.

The Central Bank sees inflation ending this year at 4.5%. FocusEconomics panelists see inflation ending the year at 3.9%, which is down 0.3 percentage points from last month’s estimate. Next year, the panel expects inflation to accelerate to 4.1%.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation December 2016

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


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