Guatemala: Inflation inches up in February
March 10, 2015
In February, consumer prices increased 0.31% over the previous month, which contrasted the 0.36% drop tallied in January. Annual headline inflation inched up from 2.3% in January to 2.4% in February. January’s reading had marked a five-year low. Inflation is still hovering well below the lower bound of the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%.
At its 25 February monetary policy meeting, the Central Bank decided to reduce the policy interest rate from 4.00% to 3.50%.
Author: Cecilia Simkievich, Economist