Guatemala Inflation June 2017

Guatemala

Guatemala: Inflation picks up pace in June

July 7, 2017

In June, consumer prices increased 0.86% from the previous month, up from May’s 0.31% 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 rises.

Inflation came in at 4.4% in June, which was above May’s 3.9% reading. Despite the notable acceleration, inflation remains within the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 4.0% target.

At its 30 June monetary policy meeting, the Central Bank decided to leave its policy rate unchanged at 3.00%.

The Central Bank sees inflation ending this year at 4.50% and next year at 4.25%. 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 June 2017 1

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


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