Guatemala Inflation May 2020

Guatemala

Guatemala: Inflation moderates in May

June 9, 2020

Consumer prices increased 0.19% from the previous month in May, below the 0.71% increase seen in April. May's result marked the softest reading since February. This came on the back of a notable drop in housing prices only partially offsetting a strong uptick in food prices.

Inflation came in at 1.8% in May, below April’s 1.9%. In addition, the trend pointed down mildly, with annual average inflation coming in at 2.6% in May (April: 2.8%).

FocusEconomics panelists see inflation ending 2020 at 2.3%, which is unchanged from the previous month’s forecast. For 2021, our panelists expect inflation to end the year at 3.7%.


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