Guatemala: Inflation moderates strongly in December

Consumer prices increased 0.13% over the previous month in December, contrasting the 0.29% decrease in November. The result chiefly came on the tails of marked price increases for food and recreation, which offset significantly cheaper prices for transportation.

Inflation, meanwhile, moderated strongly from 3.2% in November to 2.3% in December, moving below the Central Bank’s 3.0%–5.0% target range.

Guatemala Inflation Forecast

Banguat expects inflation to end 2019 at 4.0%. FocusEconomics panelists see inflation ending 2019 at 4.0%, which is up 0.1 percentage points from last month’s forecast. For 2020, our panelists expect inflation to end the year at 3.8%.