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Guatemala Inflation May 2023

Guatemala: Inflation falls to lowest level since May 2022 in May

Inflation eased to 6.5% in May, below April’s 8.3%. May’s result marked the lowest inflation rate since May 2022. The decline was broad-based, with lower price pressures recorded for food and alcoholic beverages, housing, electricity, water and fuels, and clothing and footwear.

Annual average inflation edged up to 8.8% in May (April: 8.7%).

Lastly, consumer prices fell 0.36% in May over the previous month, swinging from the 0.17% increase logged in April. May’s result marked the weakest reading since February 2020.

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