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%.
Author: Christopher Mc Innes, Economist