Guatemala Inflation April 2016

Guatemala

Guatemala: Inflation inches down in April

May 6, 2016

In April, consumer prices rose 0.17% over the previous month, which came in slightly below the 0.20% rise tallied in March. In April, prices for recreational goods and services decreased the most over the previous month, while prices for transportation observed the largest increase.

Inflation fell from 4.3% in March to 4.1% in April. Thus, inflation remains within the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%.

At its 27 April monetary policy meeting, the Bank of Guatemala decided to keep its policy rate at 3.00%. In its brief press release, the Bank stated that it expects moderate global growth going forward, with risk tilted toward the downside. Regarding the domestic economy, the Central Bank pointed out that economic activity continued to grow according to its previous estimate. This is evidenced by the monthly indicator of economic activity and growth of private sector credit. The Bank added that it expects inflation to remain within its target range this year and in 2017.

The Central Bank sees inflation ending this year at 4.00%, while it expects inflation to close 2017 at 4.25%. FocusEconomics Consensus Forecast panelists foresee inflation at 3.7% at the end of 2016, which is unchanged from last month’s estimate. The panel expects inflation of 3.6% at the end of 2017.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation April 2016 0

Note: Annual and monthly variation of consumer price index in %.
Source: National Statistical Institute


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