Guatemala: Inflation falls to lowest level in a year
March 6, 2012
In February, consumer prices rose 0.50% over the previous month, which followed an increase of 0.09% in January and represented, in fact, the largest rise in six months. According to the National Statistics Institute, the monthly rise reflected higher prices for transport as well as for food and non-alcoholic beverages. Despite the monthly price increase, annual inflation fell from 5.4% in January to 5.2% in February, which marks the lowest reading since March 2011. Moreover, annual core inflation also moderated from 4.5% in January to 4.3% in February. At its current level, inflation sits within the Central Bank inflation target range of 4.5% 1.0% for this year. For 2013, monetary officials have set an inflation target range of 4.0% 1.0%.