Guatemala Inflation July 2017

Guatemala

Guatemala: Inflation picks up pace in July

August 7, 2017

In July, consumer prices increased 1.51% from the previous month, up from June’s 0.86% increase. Prices rose as a consequence of the steep increase in food prices.

Inflation came in at 5.2% in July, which was above June’s 4.4% reading. With this notable acceleration, inflation jumped slightly above the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 4.0% target.

The Central Bank sees inflation ending this year at 4.5% and next year at 4.3%. 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 July 2017

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


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