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%.
Author: Christopher Mc Innes, Economist