Guatemala Inflation December 2020

Guatemala

Guatemala: Inflation hits near nine-year high in November

January 8, 2021

Consumer prices decreased a fractional 0.01% in December over the prior month, swinging from the 0.55% increase recorded in November. The marginal decrease in December reflected a marked uptick in transport prices being offset by a drop in food prices.

Inflation, meanwhile, edged down to 4.8% in December from 5.5% in November. Lastly, the trend pointed up, with annual average inflation rising to 3.2% in December from 3.1% in November.

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 Chart


Guatemala Inflation December 20 20

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


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