Guatemala Inflation May 2017

Guatemala

Guatemala: Inflation moderates in May

June 7, 2017

In May, consumer prices in Guatemala increased 0.31% from the previous month, up from April’s 0.26% increase. Prices rose in all but one of the twelve major categories that make up the index, with food and alcohol prices registering the strongest increase.

May’s inflation came in at 3.9%, down from April’s 4.1% reading. Inflation remains within the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 4.0% target.

At its 31 May monetary policy meeting, the Central Bank decided to leave its policy rate unchanged at 3.00%.

The Central Bank sees inflation ending this year at 4.50% and next year at 4.25%. FocusEconomics panelists see inflation ending the year at 4.1%, which is unchanged from last month’s estimate. Next year, the panel expects inflation of 4.0%.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation May 2017

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


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