Guatemala: Inflation returns to Central Bank's target range in August
September 20, 2018
Consumer prices rose 0.44% in August over the previous month in Guatemala, up from July’s 0.36% increase. Of the 12 components, nine registered an increase in price levels, with food prices rising at a particularly quick pace. Moreover, two components saw a decrease in price levels while the price of education was unchanged.
Inflation jumped to 3.4% in August from 2.6% in the month before, returning to the Central Bank’s target range of 3.0%–5.0%.
Guatemala Inflation Forecast
Banguat expects inflation to end 2018 at 4.0% and 2019 at 4.3%. FocusEconomics panelists see inflation ending this year at 3.7%, which is down 0.1 percentage points from last month’s forecast. For 2019, our panelists expect inflation to end the year at 4.0%, down 0.1 percentage points from last month.
Author: Jan Lammersen, Economist