Guatemala Inflation November 2020

Guatemala

Guatemala: Inflation hits near nine-year high in November

December 16, 2020

Consumer prices increased 0.55% in November over the previous month, decelerating from the 1.06% rise recorded in October. November's downtick came on the back of a softer increase rent prices and a small drop in the price level of clothing.

Inflation edged up to 5.5% in November, slightly above October’s 5.3%. November's figure was the highest inflation rate since December 2011. Annual average inflation rose to 3.1% in November (October: 3.1%).

FocusEconomics panelists see inflation ending 2020 at 3.4%. For 2021, our panelists expect inflation to end the year at 3.7%.


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Guatemala Inflation November 20 20

Note: Annual and monthly variation of consumer price index in %.
Source: Central Bank of Guatemala


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