Guatemala Inflation May 2018

Guatemala

Guatemala: Inflation picks up in May

June 8, 2018

Consumer prices in Guatemala increased 0.47% in May over the prior month, accelerating from April’s fractional price increase of 0.04%. May’s reading came in above the average reading of 0.30% recorded in the month of May over the past seven years. Significantly higher prices for transportation and food drove the result, and prices for all but two categories increased. Prices for communications remained unchanged over the prior month.

Inflation, meanwhile, picked up pace slightly from 3.9% in April to 4.1% in May. As a result, inflation came in just above the midpoint of Banguat’s target range of 3.0%–5.0%.

Guatemala Inflation Forecast


Banguat expects inflation to end 2018 at 4.3% and 2019 at 4.5%. FocusEconomics panelists see inflation ending this year at 3.8%, which is down 0.2 percentage points from last month’s forecast. For 2019, our panelists expect inflation to end the year at 4.1%.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation May 2018

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


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