Guatemala Inflation October 2020

Guatemala

Guatemala: Inflation hits over two-year high in October

November 11, 2020

Consumer prices increased 1.06% in October over the previous month, accelerating from the 0.16% rise recorded in September. October's uptick marked the sharpest increase in prices since June and came on the back of a strong increase in transport and rent prices.

Inflation edged up to 5.3% in October, slightly above September’s 5.0%. October's figure was the highest inflation rate since December 2017. Annual average inflation rose to 2.9% in October (September: 2.6%).

FocusEconomics panelists see inflation ending 2020 at 2.5%. For 2021, our panelists expect inflation to end the year at 3.5%.


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Guatemala Inflation October 20 20

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


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